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As filed with the Securities and Exchange Commission on March 30, 2006
 Registration No. 333-
   UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM
S-8
 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
 INTERMOUNTAIN COMMUNITY BANCORP
 (Exact name of registrant as specified in its charter)
 IDAHO(State or other jurisdiction of
    
    82-0499463(I.R.S. employer identification no.)incorporation or organization)
 231 N. Third Avenue, Sandpoint, ID 83864 (208) 263-0505  (Address, including zip code, and telephone number, including area code, of registrants principal executive offices)
 
 2003-2005 Long Term Incentive Plan, as amended
  
  KIMBERLY F. STEPHAN ESQ.
    
    CURT HECKERGraham & Dunn PC
    
    President and Chief Executive Officer2801 Alaskan Way, Suite 300
    
    231 N. Third AvenueSeattle, Washington 98121
    
    Sandpoint, ID 83864(206) 340-9615
    
    (208) 263-0505
  Proposed maximum
    
    
    Proposed maximumTitle of securities
    
    
    Amount
    
    
    offering price
    
    
    Aggregate offering
    
    
    Amount ofto be registered
    
    
    to be registered (1)
    
    
    per share (2)
    
    
    price (2)
    
    
    registration feeCommon shares
    
    
    78,000(1)
    
    
    $
    20.45
    
    
    
    $
    1,595,100
    
    
    
    $
    170.68
 Notes:




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TABLE OF CONTENTS  PART IItem 1. Plan Information*Item 2. Registrant Information and Employee Plan Annual Information*PART IIItem 3. Incorporation of Documents by ReferenceItem 4. Description of SecuritiesItem 5. Interests of Named Experts and CounselItem 6. Indemnification of Directors and OfficersItem 7. Exemption from Registration ClaimedItem 8. ExhibitsItem 9. UndertakingsSIGNATURESEXHIBIT 5.1EXHIBIT 23.2EXHIBIT 99.1EXHIBIT 99.2    Table of Contents  
 PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
  
 Item 1. Plan Information*
 
 Item 2. Registrant Information and Employee Plan Annual Information*
  
 PART II
INFORMATION REQUIRED IN REGISTRATION STATEMENT
 
 Item 3. Incorporation of Documents by Reference.
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Item 4. Description of Securities.
  
 Item 5. Interests of Named Experts and Counsel.
  
 Item 6. Indemnification of Directors and Officers.
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Item 7. Exemption from Registration Claimed.
  
 Item 8. Exhibits.
 ExhibitNumber
    
    Description5.1
    
    Opinion of Graham & Dunn PC, Registrants counsel,
regarding legality of the Common Stock being registered23.1
    
    Consent of Graham & Dunn PC (included in Exhibit 5.1)23.2
    
    Consent of BDO Seidman, LLP24.1
    
    Powers of Attorney (included in the Signature Page)99.1
    
    2003-2005 Long Term Incentive Plan, as amended99.2
    
    Form of Restricted Stock Award Agreement
 
 Item 9. Undertakings.
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Provided however
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SIGNATURES
  INTERMOUNTAIN COMMUNITY BANCORPBy:
    
    /s/ Curt HeckerCurt HeckerPresident and Chief Executive Officer
 POWER OF ATTORNEY
   Signature
    
    Title/s/ Curt Hecker

Curt Hecker
    
    President, Director and CEO
(Principal Executive Officer)/s/ Doug Wright

Doug Wright
    
    Chief Financial Officer
(Principal Financial and Accounting Officer)/s/ John B. Parker

John B. Parker
    
    Director/s/ James T. Diehl

James T. Diehl
    
    Director
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Signature
    
    Title/s/ C. L. Bauer

C. L. Bauer
    
    DirectorFord Elsaesser
    
    Director/s/ Ron Jones

Ron Jones
    
    Director/s/ Maggie Y. Lyons

Maggie Y. Lyons
    
    DirectorTerry L. Merwin
    
    Director/s/ Jim Patrick

Jim Patrick
    
    Director/s/ Michael J. Romine

Michael J. Romine
    
    DirectorJerry Smith
    
    DirectorDouglas P. Ward
    
    DirectorBarbara Strickfaden
    
    Director
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##### Table of Contents



INDEX OF EXHIBITS
 ExhibitNumber
    
    Description5.1
    
    Opinion of Graham & Dunn PC, Registrants counsel,
regarding legality of the Common Stock being registered23.1
    
    Consent of Graham & Dunn PC (included in Exhibit 5.1)23.2
    
    Consent of BDO Seidman, LLP24.1
    
    Powers of Attorney (included in the Signature Page)99.1
    
    Long Term Incentive Plan99.2
    
    Form of Restricted Stock Award Agreement
 8