Document:

<PAGE>

                                                                   EXHIBIT 10.13

                         EXECUTIVE EMPLOYMENT AGREEMENT

         This Amended and Restated EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement")
is dated as of DECEMBER 17, 2003. The effective date of this Agreement is
JANUARY 1, 2002 (the "Effective Date"). The parties to this Agreement
("Parties") are INTERMOUNTAIN COMMUNITY BANCORP f/k/a PANHANDLE BANCORP, an
Idaho corporation ("IMCB"), PANHANDLE STATE BANK, an Idaho state-chartered bank
("PSB") (IMCB and PSB individually and collectively being "Employer") and CURT
HECKER ("Executive").

                                    RECITALS

         A.       Executive is employed by Employer in an executive management
capacity, presently holding the position of President and CEO of IMCB and CEO of
PSB. The Parties wish to continue Executive's employment in that capacity under
the terms and conditions of this Agreement.

         B.       Executive previously entered into (i) an Executive Employment
Agreement with Employer dated as of January 1, 2002, and (ii) an Executive
Severance Agreement dated as of September 15, 1999, as amended, with Panhandle
Bancorp (the "Change in Control Agreement"), which provides for certain
severance payments to Executive in the event of a change in control of IMCB.
Executive also previously entered into a Tax Payment Bonus Plan dated as of
December 1, 2000 with IMCB (the "Tax Bonus Agreement").

                                    AGREEMENT

1)   TERM OF AGREEMENT. The term of this employment agreement is three (3)
     years, commencing on the Effective Date (the "Term"). The agreement will
     automatically renew every three years unless cancelled by the Board of
     Directors within 60 days of the expiration of the term. Notwithstanding the
     preceding, if a definitive agreement providing for a Change in Control
     (defined below) is entered into (i) on or before the expiration of the Term
     or (ii) within twelve (12) months after Executive's involuntary termination
     other than for Cause, Disability, Retirement or death, then expiration of
     such Term shall be extended through the Severance Protection Period
     (defined below).

2)   EMPLOYMENT. Employer will continue Executive's employment during the Term,
     and Executive accepts employment by Employer on the terms and conditions
     set forth in this Agreement. Executive's title will be "President and Chief
     Executive Officer (CEO)" of IMCB and "CEO" of PSB.

3)   DUTIES OF EXECUTIVE. Executive will report directly to the Chairman of the
     Board of IMCB. Executive will be responsible for the following duties:

          a)   Development of and compliance with all bank policies.

          b)   Calls on the most important existing and potential corporate
               customers.

<PAGE>

          c)   Supervision of bank's strategic plan in all aspects.

          d)   Expansion into new markets and recruitment of employees.

          e)   Serving on PSB committees including: Executive Management, Senior
               Management, Senior Credit, Compliance, Risk Management,
               Technology, and Human Resources.

          f)   Serving as commercial loan officer to a few most important
               business customers.

          g)   Representing PSB at civic and community activities.

          h)   Supervising the President of PSB and ICB in the implementation of
               an effective branch operations system.

          i)   Supervising the COO in the implementation of effective
               information systems, human resource management, financial plans
               and budgets.

          j)   Supervising the Credit Administrator in the implementation of an
               effective lending operation.

          k)   Supervising the Executive Assistant in the preparation of reports
               and completion of various administrative tasks.

4)   COMMITMENT OF EXECUTIVE. (a) Executive will faithfully and diligently
     perform the duties set forth in Section 3 and such other duties as may be
     assigned to Executive from time to time by IMCB's board of directors (the
     "Board"). Executive will use his best efforts to perform his duties and
     will devote full time and attention to these duties during working hours.
     Executive may engage in non-IMCB business activities with prior Board
     approval, which approval will not be unreasonably withheld.

     (b) In the event that any person extends any proposal or offer which is
     intended to or may result in a Change in Control, defined below (a "Change
     in Control Proposal"), Executive shall, at Employer's request, assist
     Employer in evaluating such proposal or offer. Further, as a condition to
     receipt of the Severance Payment (defined below), Executive agrees not to
     voluntarily resign (including resignation for Good Reason) Executive's
     position with Employer during any period from the receipt of a specific
     Change in Control Proposal up to the consummation or abandonment of the
     transaction contemplated by such Proposal.

5)   SALARY. Executive will receive an annual base salary of $180,000 to be paid
     in accordance with PSB's regular payroll schedule. The Executive Committee
     of the Board will review Executive's salary in connection with its
     performance review on an annual basis.

6)   OTHER COMPENSATION. Executive will participate in both the Long-Term
     Incentive Plan and Executive Incentive Plan administered by the Human
     Resource Committee.

          a)   Executive is eligible to participate in PSB's 401K retirement
     plan with employer match of 50% of first 6% of salary contributed.

          b)   Executive may receive stock options annually, based on
     performance evaluation at the discretion of the Board of Directors.

                                       2
<PAGE>

          c)   Executive's Tax Bonus Agreement with IMCB shall not be affected
     by this Agreement, and Executive shall continue to receive payments in
     accordance with the terms of the Tax Bonus Agreement.

7)   SALARY CONTINUATION PLAN. In consideration of this agreement, IMCB has
     entered into a Salary Continuation Agreement with Executive, substantially
     in the form approved by IMCB's board of directors on October 22, 2003 (the
     "Salary Continuation Agreement").

8)   VACATION AND BENEFITS. Executive is eligible for four (4) weeks of paid
     vacation per year. Unused vacation time will not be carried over.
     Additional benefits include life insurance of $50,000 for Executive and
     $2,000 for Executive's spouse and $2,000 for each dependent, and
     miscellaneous firm-wide benefits such as free checking account, safe
     deposit box, no fee investments, etc. Executive shall also be entitled to
     use of a company automobile with gas card.

9)   TERMINATION AND SEVERANCE PROVISIONS. If, during the Term, either Employer
     or Executive terminates Executive's employment with Employer for any
     reason, and provided that such termination does not otherwise entitle
     Executive to receive a Severance Payment (as defined below) under Section
     10 of this Agreement, Executive will be entitled to receive a termination
     payment equal to two (2) times Executive's annual base salary the
     ("Termination Payment"). The Termination Payment shall be paid in one lump
     sum payment, payable upon the date that Executive's employment is
     terminated. Notwithstanding the preceding, in the event that a definitive
     agreement providing for a Change in Control (each as defined below) is
     entered into within twelve (12) months after Executive's involuntary
     termination other than for Cause, Disability, Retirement or death,
     Executive shall be entitled to receive the difference between the Severance
     Payment and the Termination Payment upon the effective date of the Change
     in Control.

10)  CHANGE IN CONTROL/SEVERANCE PAYMENT.

          a)   Payment Events. Subject to the requirements of Section 4(b) of
               this Agreement, in the event of involuntary termination of
               Executive's employment with Employer, other than for Cause,
               Disability, Retirement, (each defined below) or death, or in the
               event of voluntary termination for Good Reason (defined below),
               (i) within the Severance Protection Period after a Change in
               Control, or (ii) within twelve (12) months before a definitive
               agreement providing for a Change in Control is entered into,
               Employer will pay Executive a severance payment in the amount
               determined pursuant to the next section ("Severance Payment"),
               payable on the later of the date of termination or the effective
               date of the Change in Control. The "Severance Protection Period"
               shall be the period beginning on the effective date of the Change
               of Control and continuing thereafter for twenty-four (24) months.

          b)   Amount of Payment. The Severance Payment shall be an amount equal
               to the Payment Multiple (defined below) multiplied by one-twelfth
               of Executive's

                                       3
<PAGE>

               compensation as reported on Executive's IRS Form W-2 for the most
               recent calendar year less compensation payable to Executive that
               was deferred or carried over from prior years. In the event the
               Executive is not employed for a full calendar year prior to the
               Change in Control, the Severance Payment shall be an amount equal
               to the Payment Multiple multiplied by one-twelfth of Executive's
               annual base salary. The "Payment Multiple" shall be twenty-four
               (24). The Severance Payment shall be reduced by an amount equal
               to any compensation which would be reported on Executive's IRS
               Form W-2 for the period following the Change in Control;
               provided, however, the Severance Payment shall not be reduced by
               the amount of any bonus or other compensation received in the
               period following the Change in Control that is based on
               Executive's performance during the period prior to the Change in
               Control.

11)  EXCISE TAX UNDER INTERNAL REVENUE CODE SECTIONS 280G AND 4999.

          a)   Partial Reimbursement of Excise Tax. If a Change in Control
               occurs the Executive may become entitled to acceleration of
               benefits under this Agreement or under any other plan or
               agreement of or with PSB or IMCB, including accelerated vesting
               of stock options and acceleration of benefits under any other
               benefit, compensation, or incentive plan or arrangement with PSB
               or IMCB (collectively, the "Total Benefits"). If a Change in
               Control occurs, IMCB and PSB shall cause the certified public
               accounting firm retained by IMCB as of the date immediately
               before the Change in Control (the "Accounting Firm") to calculate
               the Total Benefits and any excise tax payable by the Executive
               under sections 280G and 4999 based upon the Total Benefits. If
               the Accounting Firm determines that an excise tax is payable, at
               the same time PSB pays the Change in Control benefit under
               Section 10 of this Agreement PSB shall also pay to the Executive
               an amount in cash equal to the excise tax calculated by the
               Accounting Firm (the "Excise Tax"). The Executive acknowledges
               and agrees that this Section 11 provides for partial
               reimbursement only of the final excise tax that may be payable by
               him, and that additional unreimbursed excise taxes may be payable
               by him after taking into account the reimbursement payment
               provided under this Section 11. The partial reimbursement of the
               excise tax under this Section 11 shall be made in addition to the
               amount set forth in Section 10.

          (b)  Calculating the Excise Tax. For purposes of determining whether
               any of the Total Benefits will be subject to the Excise Tax and
               for purposes of determining the amount of the Excise Tax,

               1) Determination of "Parachute Payments" Subject to the Excise
               Tax: any other payments or benefits received or to be received by
               the Executive in connection with a Change in Control or the
               Executive's Termination of Employment (whether under the terms of
               this Agreement or any other agreement, stock option plan or any
               other benefit plan or arrangement with PSB or IMCB, any person
               whose actions result in a Change in Control or any

                                       4
<PAGE>

               person affiliated with PSB, IMCB, or such person) shall be
               treated as "parachute payments" within the meaning of section
               280G(b)(2) of the Internal Revenue Code, and all "excess
               parachute payments" within the meaning of section 280G(b)(1)
               shall be treated as subject to the Excise Tax, unless in the
               opinion of the Accounting Firm such other payments or benefits do
               not constitute (in whole or in part) parachute payments, or such
               excess parachute payments represent (in whole or in part)
               reasonable compensation for services actually rendered within the
               meaning of section 280G(b)(4) of the Internal Revenue Code in
               excess (as defined in section 280G(b)(3) of the Internal Revenue
               Code), or are otherwise not subject to the Excise Tax,

               2) Calculation of Benefits Subject to Excise Tax: the amount of
               the Total Benefits that shall be treated as subject to the Excise
               Tax shall be equal to the lesser of (a) the total amount of the
               Total Benefits reduced by the amount of such Total Benefits that
               in the opinion of the Accounting Firm are not parachute payments,
               or (b) the amount of excess parachute payments within the meaning
               of section 280G(b)(1) (after applying clause (i), above), and

               3) Value of Noncash Benefits and Deferred Payments: the value of
               any noncash benefits or any deferred payment or benefit shall be
               determined by the Accounting Firm in accordance with the
               principles of sections 280G(d)(3) and (4) of the Internal Revenue
               Code.

          (c)  Assumed Marginal Income Tax Rate. For purposes of determining the
               amount of the partial Excise Tax reimbursement payment to be made
               under this Section 11, the Executive shall be deemed to pay
               federal income taxes at the highest marginal rate of federal
               income taxation in the calendar year in which the partial Excise
               Tax reimbursement under this Section 11 is to be made and state
               and local income taxes at the highest marginal rate of taxation
               in the state and locality of the Executive's residence on the
               date of Termination of Employment, net of the reduction in
               federal income taxes that can be obtained from deduction of such
               state and local taxes (calculated by assuming that any reduction
               under section 68 of the Internal Revenue Code in the amount of
               itemized deductions allowable to the Executive applies first to
               reduce the amount of such state and local income taxes that would
               otherwise be deductible by the Executive, and applicable federal
               FICA and Medicare withholding taxes).

          (d)  Accounting Firm's Determinations Are Final and Binding. All
               determinations made by the Accounting Firm under this Section 11
               shall be final and binding on PSB, IMCB, and the Executive. All
               determinations required to be made under this Section 11 -
               including the assumptions used to calculate Total Benefits and
               the Excise Tax - shall be made by the Accounting Firm, which
               shall provide detailed supporting calculations both to PSB and
               the Executive.

                                       5
<PAGE>

12)  DEFINITIONS

          a)   Cause. "Cause means any one or more of the following:

               1)   Willful misfeasance or gross negligence in the performance
                    of Executive's duties;

               2)   Conviction of a crime in connection with such duties; or

               3)   Conduct demonstrably and significantly harmful to the
                    financial condition of the PSB and/or IMCB.

          c)   Change in Control. "Change in Control" shall mean any of the
               following:

               1)   Merger. IMCB merges into or consolidates with another
                    corporation, or merges another corporation into IMCB, and as
                    a result less than 50% of the combined voting power of the
                    resulting corporation immediately after the merger or
                    consolidation is held by persons who were the holders of
                    IMCB's voting securities immediately before the merger or
                    consolidation;

               2)   Acquisition of Significant Share Ownership. A report on
                    Schedule 13D or another form or schedule (other than
                    Schedule 13G) is filed or is required to be filed under
                    sections 13(d) or 14(d) of the Securities Exchange Act of
                    1934, if the schedule discloses that the filing person or
                    persons acting in concert has or have become the beneficial
                    owner of 25% or more of a class of IMCB's voting securities,
                    or if IMCB does not then have equity securities registered
                    under section 12 of the Securities Exchange Act of 1934 a
                    person or group acting in concert has or have become the
                    beneficial owner of 25% or more of a class of IMCB's voting
                    securities, but this paragraph (2) shall not apply to
                    beneficial ownership of voting shares of IMCB held in a
                    fiduciary capacity by an entity in which IMCB directly or
                    indirectly beneficially owns 50% or more of the outstanding
                    voting securities;

               3)   Change in Board Composition. During any period of two
                    consecutive years, individuals who constitute IMCB's board
                    of directors at the beginning of the two-year period cease
                    for any reason to constitute at least a majority thereof;
                    provided, however, that -- for purposes of this paragraph
                    (c) -- each director who is first elected by the board (or
                    first nominated by the board for election by stockholders)
                    by a vote of at least two-thirds (2/3) of the directors who
                    were directors at the beginning of the period shall be
                    deemed to have been a director at the beginning of the
                    two-year period; or

               4)   Sale of Assets. IMCB sells to a third party all or
                    substantially all of IMCB's assets. For this purpose, sale
                    of all or substantially all of IMCB's assets includes sale
                    of the shares or assets of the PSB alone.

          d)   Change in Control Proposal. "Change in Control Proposal" has the
               meaning assigned in Section 4(b) of this Agreement.

          e)   Disability. "Disability" means a physical or mental impairment
               which renders Executive incapable of substantially performing the
               essential functions of

                                       6
<PAGE>

               such Executive's position, and which is expected to continue
               rendering Executive so incapable for the reasonably foreseeable
               future, with or without reasonable accommodation.

          f)   Retirement. "Retirement" shall mean voluntary termination by
               Executive in accordance with PSB's retirement policies, including
               early retirement, if applicable to their salaried employees.

          g)   Good Reason. "Good Reason" shall mean any of the following:

               1)   Substantial diminution of the Executive's duties compared to
                    the Executive's duties prior to the Change in Control;

               2)   Substantial diminution of the Executive's compensation
                    compared to the Executive's compensation prior to the Change
                    in Control;

               3)   Significant relocation, where Significant means a change of
                    more than 60 miles (one way) in the Executive's commute if
                    the Executive does not agree to move.

13)  CONFIDENTIALITY. Executive will not, after signing this Agreement,
     including during and after its Term, use for his own purposes or disclose
     to any other person or entity any confidential information concerning
     Employer or its business operations or customers, unless (1) Employer
     consents to the use or disclosure of its confidential information, (2) the
     use or disclosure is consistent with Executive's duties under this
     Agreement, or (3) disclosure is required by law or court order.
     Confidential information includes, but is not limited to, financial
     information, customer lists, marketing strategies, and business plans.

14)  RETURN OF EMPLOYER PROPERTY. If and when Executive ceases, for any reason,
     to be employed by Employer, Executive must return to Employer all keys,
     pass cards, identification cards and any other property of Employer. At the
     same time, Executive also must return to Employer all originals and copies
     (whether in hard copy, electronic or other form) of any documents, notes,
     memoranda, designs, devices, diskettes, tapes, manuals, and specifications
     which constitute proprietary information or material of Employer. The
     obligations in this Section include the return of documents and other
     materials which may be in Executive's desk at work, in Executive's car or
     place of residence, or in any other location under Executive's control.

15)  NON-SOLICITATION. Executive shall not solicit or cause to be solicited for
     employment any employee of Employer for a period of two (2) years following
     Executive's termination; nor solicit or cause to be solicited the business
     and/or accounts of customers of Employer for a period of two years
     following Executive's termination. Executive's obligations under this
     Section 15 terminate immediately upon a Change in Control.

16)  NON-COMPETITION. Except as otherwise expressly provided in this Agreement,
     while Executive is employed by Employer and for two years following
     termination of

                                       7
<PAGE>

     Executive's employment for any reason, , Executive will not become involved
     with a Competing Business or serve, directly or indirectly, a Competing
     Business in any manner, including, without limitation, as a shareholder,
     member, partner, director, officer, manager, investor, organizer,
     "founder," employee, consultant, or agent; provided, however, that
     Executive may acquire and passively own an interest not exceeding 2% of the
     total equity interest in a Competing Business. Executive's obligations
     under this Section 16 terminate immediately upon a Change in Control. For
     purposes of this Agreement, the term "Competing Business" means any
     financial service institutions, including without limitation banks,
     insurance companies, leasing companies, mortgage companies, and brokerage
     firms that engage in business in the State of Idaho, or southeastern
     Oregon, or eastern Washington.

17)  ENFORCEMENT.

     a) Employer and Executive stipulate that, in light of all of the facts and
circumstances of the relationship between Executive and Employer, the agreements
referred to in Sections 15 and 16 (including without limitation their scope,
duration and geographic extent) are fair and reasonably necessary for the
protection of Employer's goodwill and other protectable interests. If a court of
competent jurisdiction should decline to enforce any of those covenants and
agreements, Executive and Employer request the court to reform these provisions
to restrict Executive's ability to compete with Employer to the maximum extent,
in time, scope of activities, and geography, the court finds enforceable.

     b) Executive acknowledges that Employer will suffer immediate and
irreparable harm that will not be compensable by damages alone, if Executive
repudiates or breaches any of the provisions of Sections 15 and 16 or threatens
or attempts to do so. For this reason, under these circumstances, Employer, in
addition to and without limitation of any other rights, remedies or damages
available to it at law or in equity, will be entitled to obtain temporary,
preliminary, and permanent injunctions in order to prevent or restrain the
breach, and Employer will not be required to post a bond as a condition for the
granting of this relief.

18) ADEQUATE CONSIDERATION. Executive specifically acknowledges the receipt of
adequate consideration, including without limitation the Termination Payment,
identified in Section 9, if due and owing, for the covenants contained in
Sections 15 and 16 and that Employer is entitled to require him to comply with
those Sections regardless of the reason(s) for Executive's separation of
employment with Employer. Sections 15 and 16 will survive termination of this
Agreement, but will expire no later than two years from the date of the
termination of employment or the maturity of this agreement, whichever is later.
Executive represents that if his employment is terminated, whether voluntarily
or involuntarily, Executive has experience and capabilities sufficient to enable
Executive to obtain employment in areas which do not violate this Agreement and
that Employer's enforcement of a remedy by way of injunction will not prevent
Executive from earning a livelihood.

                                       8
<PAGE>

19) ENTIRE AGREEMENT. This agreement constitutes the entire understanding
between the parties concerning its subject matter and supersedes all prior
agreements, including that certain employment agreement between Executive and
Employer effective January 1, 2002 and the Change in Control Agreement.
Accordingly, Executive specifically waives the terms of and all of Executive's
rights under any severance provisions of any employment and/or change-in-control
agreements, whether written or oral, previously entered into with PSB and/or
IMCB. Notwithstanding the preceding, the terms of this agreement are separate
from and do not supercede the terms of the Tax Bonus Agreement or the Salary
Continuation Agreement.

20) MISCELLANEOUS PROVISIONS.

     a)   Choice of Law. This Agreement is made with reference to and is
          intended to be construed in accordance with the laws of the State of
          Idaho.

     b)   Arbitration. Any dispute, controversy or claim arising out of or in
          connection with, or relating to, this Agreement or any breach or
          alleged breach hereof, shall, upon the request of any party involved,
          be submitted to, and settled by, arbitration pursuant to the rules
          then in effect of the American Arbitration Association (or under any
          other form of arbitration mutually acceptable to the parties so
          involved). Any award rendered shall be final and conclusive upon the
          parties and a judgment thereon may be entered in the highest court of
          the forum having jurisdiction. The arbitrator shall render a written
          decision, naming the substantially prevailing party in the action, and
          shall award such party all costs and expenses incurred, including
          reasonable attorneys' fees. Notwithstanding the foregoing, if
          Executive violates Sections 13 or 14, Employer will have the right to
          initiate the court proceedings described in Section 15(b), in lieu of
          an arbitration proceeding under this Section. Employer may initiate
          these proceedings wherever appropriate within the State of Idaho; but
          Executive will consent to venue and jurisdiction in Bonner County,
          Idaho.

     c)   Attorney Fees. In the event of any breach of or default under this
          Agreement which results in either party incurring attorney or other
          fees, costs or expenses (including in arbitration), the prevailing
          party shall be entitled to recover from the non-prevailing party any
          and all such fees, costs and expenses, including attorneys' fees.

     d)   Successors. This Agreement shall bind and inure to the benefit of the
          Parties and each of their respective affiliates, legal
          representatives, heirs, successors and assigns.

     e)   Amendment. This Agreement may be amended only in a writing signed by
          the Parties.

                                       9
<PAGE>

     f)   Headings. The headings of sections of this Agreement have been
          included for convenience of reference only. They shall not be
          construed to modify or otherwise affect in any respect any of the
          provisions of the Agreement.

     g)   Counsel Review. Executive acknowledges that he has had the opportunity
          to consult with independent counsel with respect to the negotiation,
          preparation, and execution of this Agreement.

     h)   Severability. The provisions of this Agreement are severable. The
          invalidity of any provision will not affect the validity of other
          provisions of this Agreement.

EXECUTED by each of the Parties effective as of the date first stated above.

IMCB                                        EXECUTIVE
Intermountain Community Bancorp,            Curt Hecker
an Idaho Corporation                        President & CEO, Intermountain
                                            Community Bancorp
                                            CEO, Panhandle State Bank

 /s/ John B. Parker                         /s/ Curt Hecker
------------------------------              -----------------------------------
John B. Parker                              Curt Hecker
Chairman of the Board                       Date:
Date:                                            ----------------
     ----------------

PSB

Panhandle State Bank,
an Idaho State Chartered Bank

  /s/ John B. Parker
------------------------------
John B. Parker
Chairman of the Board
Date:
     ----------------

                                       10
<PAGE>

                FIRST AMENDMENT OF EXECUTIVE EMPLOYMENT AGREEMENT

         This First Amendment of Executive Employment Agreement (the
"Amendment") is made and entered into as of March 24, 2004. The parties to this
Amendment (the "Parties") are INTERMOUNTAIN COMMUNITY BANCORP f/k/a PANHANDLE
BANCORP, an Idaho corporation ("IMCB"), PANHANDLE STATE BANK, an Idaho
state-chartered bank ("PSB") (IMCB and PSB individually and collectively being
"Employer") and CURT HECKER ("Executive").

                                    RECITALS

         A.       The Parties entered into an Executive Employment Agreement
dated as of December 17, 2003 and effective as of January 1, 2002 (the
"Agreement"), which Agreement governs the terms of Executive's employment with
Employer.

         B.       Among other things, the Agreement addresses the Severance
Payment to be received by Executive in the event of a Change in Control. The
Agreement sets forth a formula for determining the amount of the Severance
Payment. Since the Employment Agreement was executed, the Parties have
determined that the formula set forth in the Agreement does not accurately
reflect the Parties' intent.

         C.       In order to manifest the Parties' intent regarding the
Severance Payment, the Parties wish to amend the terms of the Agreement as set
forth in this Amendment. Unless otherwise defined in this Amendment, capitalized
terms used in this Amendment have the meanings assigned to them in the
Agreement.

                               TERMS OF AMENDMENT

         In consideration of the foregoing, the Parties agree as follows:

         1.       Section 10 of the Agreement is amended by deleting subsection
(b) in its entirety and inserting the following in its place:

                  Amount of Payment. The Severance Payment shall be an amount
         equal to two (2) times the average of the total base compensation and
         short term bonus received by Executive for each of the two most recent
         calendar years.

         2.       This Amendment may be executed in one or more counterparts,
each of will be deemed an original, but all of which taken together will
constitute one and the same document.

                                       1

<PAGE>

Dated as of March 24, 2004.

IMCB                                        EXECUTIVE
Intermountain Community Bancorp,            Curt Hecker
an Idaho Corporation                        President & CEO, Intermountain
                                            Community Bancorp
                                            CEO, Panhandle State Bank

/s/ John B. Parker                          /s/ Curt Hecker
-----------------------------               ---------------------------
John B. Parker                              Curt Hecker
Chairman of the Board                       Date: March 24, 2004
Date:   /s/ March 24, 2004

PSB
Panhandle State Bank,
an Idaho State Chartered Bank

/s/ John B. Parker
-----------------------------
John B. Parker
Chairman of the Board
Date: March 24, 2004

                                       2<PAGE>

                                                                   EXHIBIT 10.14

                             TAX PAYMENT BONUS PLAN
                                       FOR
                                   CURT HECKER

         THIS AGREEMENT is effective the 1st day of December, 2000, between
INTERMOUNTAIN COMMUNITY BANCORP and its President and CEO, CURT HECKER.

                                    RECITALS

         A.       As a result of CURT HECKER exercising stock options in April,
1999, he incurred significant capital gain tax and in order to satisfy the tax,
CURT HECKER entered into a loan agreement with Pend Oreille Bank.

         B.       Based upon CURT HECKER's performance as President and CEO of
INTERMOUNTAIN COMMUNITY BANCORP, the Board of Directors has determined that it
would be appropriate for the company to bonus CURT HECKER adequate funds to
repay the principal amount of the capital gain tax over a five-year time frame.

         C.       It is both CURT HECKER's and INTERMOUNTAIN COMMUNITY BANCORP's
desire to transfer the loan from Pend Oreille Bank to Panhandle State Bank.

         WHEREFORE, BASED UPON THE FOREGOING RECITALS AND THE TERMS AND
CONDITIONS CONTAINED HEREIN, THE PARTIES AGREE AS FOLLOWS:

         1.       INTERMOUNTAIN COMMUNITY BANCORP shall pay to CURT HECKER, in
the form of a bonus, the total sum of One Hundred Twenty Two Thousand Nine
Hundred Thirty One and 51/100 Dollars ($122,931.51), which shall be paid in
annual installments of twenty percent (20%) per year ($24,586.30), with the
first payment due on or before December 20, 2000, and like annual payments due
on or before the 20th day of December of each year until the final payment on
December 20, 2004.

         2.       The payments made pursuant to this agreement shall be subject
to the standard withholding amounts.

         3.       This agreement shall not be construed to create a guarantee of
employment at INTERMOUNTAIN COMMUNITY BANCORP nor shall this agreement be
implied as any contract agreement for continued employment.

         4.       Twenty percent (20%) of the bonus will be paid, in cash, no
later than December 20. The remaining bonus, although defined under this
agreement, will not be considered earned until actually paid pursuant to this
agreement. To qualify for each annual payment, CURT HECKER must still be a
full-time employee on each payment date.

                  Any vested and unpaid bonus will be forfeited if CURT HECKER
leaves the employment of the bank (1) by his own volition, or (2) is terminated
for just cause. Under the

                                        1
<PAGE>

following circumstances, CURT HECKER will become fully vested and will be
entitled to be paid, in cash, the balance of the bonus amount upon the following
events:

                  (a)      Death;

                  (b)      Permanent disability; or

                  (c)      In the event more than fifty percent (50%) of the
                           stock of the bank is sold or there has been a change
                           of control as a result of a merger.

         5.       The benefits contemplated by this agreement are hereby
expressly declared to be nonassignable, and any such attempt at assignment shall
be void and of no effort.

         6.       CURT HECKER shall enter into an unsecured loan agreement with
Panhandle State Bank in order to satisfy the full amount of the outstanding loan
with Pend Oreille Bank. The bonus payments contemplated by this agreement shall
be sued to serve the loan between Panhandle State Bank and CURT HECKER.

         7.       This agreement shall be binding upon and enure to the benefit
of the parties and their successors or assigns.

         The parties have executed this agreement this 4th day of January 2001.

INTERMOUNTAIN COMMUNITY BANCORP

  /s/ Jack Parker                             /s/ Curt Hecker
-------------------------------              ----------------------------------
JACK PARKER, Chairman                        CURT HECKER

                                       2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}]]