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<P align="center" style="font-size: 10pt"><B>As filed with the Securities and Exchange Commission on December&nbsp;15, 2004</B>



<P align="right" style="font-size: 10pt"><B>Registration No.&nbsp;333-_____</B>

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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>
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<P align="center" style="font-size: 18pt"><B>FORM S-8</B>
<div align="center" style="font-size: 10pt"><B>REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933</B></DIV>

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<P align="center" style="font-size: 24pt"><B>INTERMOUNTAIN COMMUNITY BANCORP</B>


<DIV align="center" style="font-size: 10pt"><I>(Exact name of registrant as specified in its charter)</I>
</DIV>

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<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="44%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><B>IDAHO</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>82-0499463</B></TD>
</TR>

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<TR valign="bottom">
    <TD align="center" valign="top"><I>(State or other jurisdiction
of<br>incorporation or organization)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" colspan="3" valign="top"><I>(I.R.S. employer identification no.)</I></TD>
</TR>

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</DIV>



<P align="center" style="font-size: 10pt"><B>231 N. Third Avenue, Sandpoint, ID 83864 (208)&nbsp;263-0505</B><BR>
<I>(Address, including zip code, and telephone number, including area
code, of registrant&#146;s principal executive offices)</I>



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<P align="center" style="font-size: 10pt"><B>Snake River Bancorp, Inc. Nonqualified Stock Option Plan for Employees<BR>
Snake River Bancorp, Inc. Incentive Stock Option Plan for Employees</B><BR>
(Full title of plan)



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<P align="center" style="font-size: 10pt">Copies of communications to:


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<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">KIMBERLY
F. STEPHAN ESQ.<br>
Graham &#038; Dunn PC<br>
2801 Alaskan Way, Suite&nbsp;300<br>
Seattle, Washington 98121<br>
(206)&nbsp;340-9615<br>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CURT HECKER<br>
President and Chief Executive Officer<br>
231 N. Third Avenue<br>
Sandpoint, ID 83864<br>
(208)&nbsp;263-0505</TD>
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<P align="center" style="font-size: 10pt">CALCULATION OF REGISTRATION FEE


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    <TD width="29%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left"><B>Title of securities</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>offering price</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Aggregate offering</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left"><B>to be registered</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>to be registered <SUP>(1)</SUP></B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>per share <SUP>(2)</SUP></B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>price <SUP>(2)</SUP></B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registration fee</B><HR size="1" noshade></TD>
</TR>





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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Common shares
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">25,582<SUP> (1)</SUP>
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD align="right" valign="top">24.40</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD align="right" valign="top">624,201</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD align="right" valign="top">73.47</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

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<P align="left" style="font-size: 10pt"><I>Notes:</I>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares of Registrant&#146;s Common Stock issuable upon exercise of options outstanding under
the following Snake River Bancorp, Inc.&#146;s option plans adopted by the Registrant: Nonqualified
Stock Option Plan for Employees and Incentive Stock Option Plan for Employees (collectively, the
&#147;Plans&#148;), together with an indeterminate number of additional shares which may be necessary to
adjust the number of shares reserved for issuance under the Plans as a result of any future stock
split, stock dividend or similar adjustment of the outstanding Common Stock, as provided in Rule
416(a) under the Securities Act.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Estimated solely for the purpose of calculating the amount of the registration fee.
Pursuant to Rule 457(c) under the Securities Act of 1933, as amended (&#147;Securities Act&#148;), the price
per share is estimated to be $24.40 based upon the average of the bid ($24.10) and the ask ($24.70)
trading prices of the common stock, no par value per share of Intermountain Community Bancorp as
reported on the OTC Bulletin Board on December&nbsp;13, 2004 (for the last sale on December&nbsp;9,
2004).


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<P align="center" style="font-size: 10pt">&nbsp;
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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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</TR>
<TR><TD colspan="9"><A HREF="#000">PART I<BR> INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;1. Plan Information*</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;2. Registrant Information and Employee Plan Annual Information*</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">PART II<BR> INFORMATION REQUIRED IN REGISTRATION STATEMENT</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;3. Incorporation of Documents by Reference.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;4. Description of Securities.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;5. Interests of Named Experts and Counsel.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;6. Indemnification of Directors and Officers.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;7. Exemption from Registration Claimed.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#009">Item&nbsp;8. Exhibits.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#010">Item&nbsp;9. Undertakings.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#011">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#012">INDEX OF EXHIBITS</A></TD></TR>
<TR><TD colspan="9"><A HREF="v04041exv5w1.txt">EXHIBIT 5.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="v04041exv23w2.txt">EXHIBIT 23.2</A></TD></TR>
<TR><TD colspan="9"><A HREF="v04041exv99w1.txt">EXHIBIT 99.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="v04041exv99w2.txt">EXHIBIT 99.2</A></TD></TR>
<TR><TD colspan="9"><A HREF="v04041exv99w3.txt">EXHIBIT 99.3</A></TD></TR>
</TABLE>
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<!-- link1 "PART I<BR> INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS" -->
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<P align="center" style="font-size: 10pt"><B>PART I<BR>
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intermountain Community Bancorp (&#147;Company&#148; or &#147;Registrant&#148;) will send or give the documents
containing the information required by Part&nbsp;I of this registration statement on Form S-8 (the
&#147;Registration Statement&#148;) to each participant in the Company&#146;s Plans as specified by Rule&nbsp;428(b)(1)
under the Securities Act of 1933 (the &#147;Securities Act&#148;). Such documents, and the documents
incorporated by reference into this Registration Statement pursuant to Item&nbsp;3 of Part&nbsp;II, taken
together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities
Act.

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<DIV align="left"><A NAME="001"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;1.&nbsp;&nbsp;&nbsp;Plan Information*</B>


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<DIV align="left"><A NAME="002"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;2.&nbsp;&nbsp;&nbsp;Registrant Information and Employee Plan Annual Information</B>*



<P align="left" style="font-size: 10pt">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information required by Part&nbsp;I of Form S-8 is omitted from this Registration Statement in
accordance with Rule&nbsp;428 under the Securities Act, and the Note to Part&nbsp;I of Form S-8.

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<DIV align="left"><A NAME="003"></A></DIV>

<P align="center" style="font-size: 10pt"><B>PART II<BR>
INFORMATION REQUIRED IN REGISTRATION STATEMENT</B>


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<DIV align="left"><A NAME="004"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;3.&nbsp;&nbsp;&nbsp;Incorporation of Documents by Reference.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The documents listed below are incorporated by reference in the Registration Statement. In
addition, all documents subsequently filed by Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 and
15(d) of the Securities Exchange Act of 1934, as amended (&#147;Exchange Act&#148;) prior to Registrant&#146;s
filing of a post-effective amendment which indicates that all securities offered have been sold or
which deregisters all securities then remaining unsold, shall be deemed to be incorporated by
reference into this Registration Statement and to be a part hereof from the date of filing of such
documents.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s Registration Statement on Form S-4, filed with the Commission on
September&nbsp;10, 2004 (File No.&nbsp;333-118908), pursuant to the Securities Act that contains audited
financial statements for the Registrant&#146;s latest fiscal year.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;All other reports filed by the Registrant pursuant to Section 13(a) or 15(d) of the
Exchange Act since filing the Registration Statement on Form&nbsp;10 referred to in (a)&nbsp;above.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;The description of the Registrant&#146;s Common Stock contained in the Registration Statement
on Form S-4, filed with the Commission on September&nbsp;10, 2004 (File No.&nbsp;333-118908), including any
amendments or reports filed for the purpose of updating such description.


<P align="center" style="font-size: 10pt">2
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Item&nbsp;4. Description of Securities." -->
<DIV align="left"><A NAME="005"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;4.&nbsp;&nbsp;&nbsp;Description of Securities.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel." -->
<DIV align="left"><A NAME="006"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;5.&nbsp;&nbsp;&nbsp;Interests of Named Experts and Counsel.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The validity of the shares offered pursuant to the Plans will be passed upon by Moffatt,
Thomas, Barrett, Rock &#038; Fields, Chartered,U.S. Bank Plaza Building, 101 S. Capitol Blvd., 10th
Floor, Boise, ID 83701-0829.

<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers." -->
<DIV align="left"><A NAME="007"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;6.&nbsp;&nbsp;&nbsp;Indemnification of Directors and Officers.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sections&nbsp;850-859 of Title 30, Chapter&nbsp;1 of the Idaho Code and the Company&#146;s Bylaws, taken
together, provide that the Company may indemnify any person who was or is involved in any manner or
was or is threatened to be made so involved in any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative, or investigative, by reason of the fact that
such person is or was a &#147;director or officer&#148; (defined as anyone serving at the Company&#146;s request
as a director, officer, partner, trustee employee or agent of another domestic or foreign
corporation, partnership, joint venture, trust, employee benefit plan or other entity), against all
expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by such
person in connection with such proceeding if the person acted in good faith and in a manner which
he or she reasonably believed to be in, or not opposed to, the best interests of the Company, and
with respect to a criminal proceeding, had no reasonable cause to believe his or her conduct was
unlawful. The Company may not, however, provide such indemnification on account of acts or
omissions finally adjudged to be the receipt of a financial benefit to which the director or
officer is not entitled, an intentional infliction of harm on the Company or its shareholders, an
unlawful distribution to shareholders under &#167; 30-1-833 of the Idaho Code, or an intentional
violation of criminal law. The indemnification provisions of the Idaho Code and the Company&#146;s
Bylaws include the right of an indemnitee to receive payment of any expenses incurred in connection
with a proceeding in advance of the final disposition of the proceeding, consistent with applicable
law. The Idaho Code and the Company&#146;s Bylaws specify certain procedures and conditions that apply
with respect to indemnification and the advancement of expenses.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indemnification of any person serving as a director or officer (who is also not a director) as
described in the preceding paragraph, is mandatory to the extent that such person has been wholly
successful on the merits or otherwise in defense of the subject action, suit or proceeding.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The indemnification rights described in the preceding paragraphs are not exclusive of other
rights to which any person seeking indemnification may otherwise be entitled under current or
future laws or by agreement with the Company.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company may also purchase and maintain insurance or make other financial arrangements on
behalf of any present or past director or officer pursuant to which such person served in that
capacity at the Company&#146;s request. Such insurance or other financial arrangements


<P align="center" style="font-size: 10pt">3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="left" style="font-size: 10pt">may cover liabilities asserted against or expenses incurred by, such person in any of the
aforementioned capacities, regardless of whether the Company would have the authority to indemnify
such person.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Besides indemnification, the Articles of Incorporation contain a provision that limits the
personal liability of the Company&#146;s directors and officers to the Company or its shareholders for
damages for breach of fiduciary duty, except liability for acts or omissions that involve the
receipt of a financial benefit to which the director or officer is not entitled, an intentional
infliction of harm on the Company or its shareholders, an unlawful distribution to shareholders
under &#167; 30-1-833 of the Idaho Code, or an intentional violation of criminal law.

<!-- link2 "Item&nbsp;7. Exemption from Registration Claimed." -->
<DIV align="left"><A NAME="008"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;7.&nbsp;&nbsp;&nbsp;Exemption from Registration Claimed.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

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<DIV align="left"><A NAME="009"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;8.&nbsp;&nbsp;&nbsp;Exhibits.</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="89%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left"><B>Number</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Description</B><HR width="10%" size="1" noshade></TD>
</TR>

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<TR valign="bottom">
    <TD align="center" valign="top">5.1
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Moffatt, Thomas, Barrett, Rock &#038; Fields, Chartered,
Registrant&#146;s Idaho counsel, regarding legality of the Common Stock
being registered</TD>
</TR>


<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD align="center" valign="top">23.1
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Moffatt, Thomas, Barrett, Rock &#038; Fields, Chartered,
(included in Exhibit&nbsp;5.1)</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD align="center" valign="top">23.2
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of BDO Seidman, LLP</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="center">24.1
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included in the Signature Page)</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">99.1
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Snake River Bancorp, Inc. Nonqualified Stock Option Plan for Employees</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD align="center" valign="top">99.2
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Snake River Bancorp, Inc. Incentive Employee Stock Option Plan for
Employees</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD align="center" valign="top">99.3
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Employee Stock Option Agreement</TD>
</TR>

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</DIV>


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<DIV align="left"><A NAME="010"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.&nbsp;&nbsp;&nbsp;Undertakings.</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top">A.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The undersigned Registrant hereby undertakes:</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="margin-left: 10%; text-indent: 0%; margin-right: 0%; font-size: 10pt">1)&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:


<P align="left" style="margin-left: 0%; text-indent: 12%; margin-right: 0%; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act;


<P align="left" style="margin-left: 0%; text-indent: 12%; margin-right: 0%; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;To reflect in the prospectus any facts or events arising after the effective date of the
Registration Statement (or the most recent post-effective amendment thereof) which,

<P align="center" style="font-size: 10pt">4
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">individually or in the aggregate, represent a fundamental change in the information set forth
in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume
of securities offered (if the total dollar value of securities offered would not exceed that which
was registered) and any deviation from the low or high end of the estimated maximum offering range
may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in
the aggregate, the changes in volume and price represent no more than a 20% change in the maximum
aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective
Registration Statement;



<P align="left" style="margin-left: 0%; text-indent: 12%; margin-right: 0%; font-size: 10pt">(iii)&nbsp;&nbsp;&nbsp;To include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to such information in
the Registration Statement;


<P align="left" style="margin-left: 0%; text-indent: 15%; margin-right: 0%; font-size: 10pt"><U>Provided</U>, <U>however</U>, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do
not apply if the Registration Statement is on Form&nbsp;S-3,
Form&nbsp;S-8 or Form&nbsp;F-3, and the information
required to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant pursuant to Section&nbsp;13 or
Section&nbsp;15(d) of the Securities Exchange Act that are incorporated by reference in the Registration
Statement.


<P align="left" style="margin-left: 0%; text-indent: 10%; margin-right: 0%; font-size: 10pt">2)&nbsp;&nbsp;&nbsp;That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.


<P align="left" style="margin-left: 0%; text-indent: 10%; margin-right: 0%; font-size: 10pt">3)&nbsp;&nbsp;&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Registrant&#146;s annual report pursuant to
Section&nbsp;13(a) or Section&nbsp;15(d) of the Exchange Act (and, where applicable, each filing of an
employee benefit plan&#146;s annual report pursuant to Section&nbsp;15(d) of the Exchange Act) that is
incorporated by reference in the Registration Statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a director, officer of controlling
person of the Registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered,
the Registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act and will be governed by the
final adjudication of such issue.


<P align="center" style="font-size: 10pt">5
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="011"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Sandpoint, State of Idaho, on December&nbsp;15, 2004.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="70%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>INTERMOUNTAIN COMMUNITY BANCORP</B></TD>
</TR>

<TR style="font-size: 20pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>

    <TD align="left" valign="top">/s/ Curt Hecker</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Curt Hecker<BR>
President and Chief Executive Officer</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><B>POWER OF ATTORNEY</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose individual signature appears below hereby authorizes and appoints Curt
Hecker and Doug Wright, and each of them, with full power of substitution and full power to act
without the other, as his or her true and lawful attorney-in-fact and agent to act in his or her
name, place and stead and to execute in the name and on behalf of each person, individually and in
each capacity stated below, and to file any and all amendments to this Registration Statement,
including any and all post-effective amendments.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this Power of Attorney has been signed by
the following persons in the capacities indicated on December&nbsp;15, 2004.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left"><B><u>Signature</u></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>&nbsp;&nbsp;&nbsp;<u>Title</u></B></TD>
</TR>

<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Curt Hecker
<HR size="1" noshade>
Curt Hecker
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Director and CEO<br>
(Principal Executive Officer)</TD>
</TR>

<TR valign="bottom">
<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Doug Wright
<HR size="1" noshade>
Doug Wright
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Financial Officer<br>
(Principal Financial and Accounting Officer)</TD>
</TR>


<TR valign="bottom">
<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ John B. Parker
<HR size="1" noshade>
John B. Parker
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>


<TR valign="bottom">
<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ James T. Diehl
<HR size="1" noshade>
James T. Diehl
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">6
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ C. L. Bauer
<HR size="1" noshade>
C. L. Bauer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
<HR size="1" noshade>
Ford Elsaesser
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Ron Jones
<HR size="1" noshade>
Ron Jones
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
<HR size="1" noshade>
Maggie Y. Lyons
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Terry L. Merwin
<HR size="1" noshade>
Terry L. Merwin
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Jim Patrick
<HR size="1" noshade>
Jim Patrick
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
<HR size="1" noshade>
Dennis Pence
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
<HR size="1" noshade>
Michael J. Romine
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Jerry Smith
<HR size="1" noshade>
Jerry Smith
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Douglas P. Ward
<HR size="1" noshade>
Douglas P. Ward
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>


<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
<HR size="1" noshade>
Barbara Strickfaden
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">7
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "INDEX OF EXHIBITS" -->
<DIV align="left"><A NAME="012"></A></DIV>

<P align="center" style="font-size: 10pt"><B>INDEX OF EXHIBITS</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><B>Number</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Description</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">5.1
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Moffatt, Thomas, Barrett, Rock &#038; Fields, Chartered,
Registrant&#146;s Idaho counsel, regarding legality of the Common Stock
being registered</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD align="center" valign="top">23.1
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Moffatt, Thomas, Barrett, Rock &#038; Fields, Chartered,
(included in Exhibit&nbsp;5.1)</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD align="center" valign="top">23.2
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of BDO Seidman, LLP</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD align="center" valign="top">24.1
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included in the Signature Page)</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD align="center" valign="top">99.1
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Snake River Bancorp, Inc. Nonqualified Stock Option Plan for Employees</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD align="center" valign="top">99.2
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Snake River Bancorp, Inc. Incentive Employee Stock Option Plan for
Employees</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD align="center" valign="top">99.3
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Employee Stock Option Agreement</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




</DIV>


</BODY>
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sv8
Table of Contents
As filed with the Securities and Exchange Commission on December 15, 2004
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
82-0499463
(State or other jurisdiction
of
incorporation or organization)
(I.R.S. employer identification no.)
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)
Snake River Bancorp, Inc. Nonqualified Stock Option Plan for Employees
Snake River Bancorp, Inc. Incentive Stock Option Plan for Employees
(Full title of plan)
Copies of communications to:
KIMBERLY
F. STEPHAN ESQ.
Graham & Dunn PC
2801 Alaskan Way, Suite 300
Seattle, Washington 98121
(206) 340-9615
CURT HECKER
President and Chief Executive Officer
231 N. Third Avenue
Sandpoint, ID 83864
(208) 263-0505
CALCULATION OF REGISTRATION FEE
Proposed maximum
Proposed maximum
Title of securities
Amount
offering price
Aggregate offering
Amount of
to be registered
to be registered
(1)
per share
(2)
price
(2)
registration fee
Common shares
25,582
(1)
$
24.40
$
624,201
$
73.47
Notes:
(1)      Shares of Registrant's Common Stock issuable upon exercise of options outstanding under
the following Snake River Bancorp, Inc.'s option plans adopted by the Registrant: Nonqualified
Stock Option Plan for Employees and Incentive Stock Option Plan for Employees (collectively, the
"Plans"), together with an indeterminate number of additional shares which may be necessary to
adjust the number of shares reserved for issuance under the Plans as a result of any future stock
split, stock dividend or similar adjustment of the outstanding Common Stock, as provided in Rule
416(a) under the Securities Act.
(2)      Estimated solely for the purpose of calculating the amount of the registration fee.
Pursuant to Rule 457(c) under the Securities Act of 1933, as amended ("Securities Act"), the price
per share is estimated to be $24.40 based upon the average of the bid ($24.10) and the ask ($24.70)
trading prices of the common stock, no par value per share of Intermountain Community Bancorp as
reported on the OTC Bulletin Board on December 13, 2004 (for the last sale on December 9,
2004).
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.
Item 4. Description of Securities.
Item 5. Interests of Named Experts and Counsel.
Item 6. Indemnification of Directors and Officers.
Item 7. Exemption from Registration Claimed.
Item 8. Exhibits.
Item 9. Undertakings.
SIGNATURES
INDEX OF EXHIBITS
EXHIBIT 5.1
EXHIBIT 23.2
EXHIBIT 99.1
EXHIBIT 99.2
EXHIBIT 99.3
Table of Contents
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
Intermountain Community Bancorp ("Company" or "Registrant") will send or give the documents
containing the information required by Part I of this registration statement on Form S-8 (the
"Registration Statement") to each participant in the Company's Plans as specified by Rule 428(b)(1)
under the Securities Act of 1933 (the "Securities Act"). Such documents, and the documents
incorporated by reference into this Registration Statement pursuant to Item 3 of Part II, taken
together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities
Act.
Item 1.   Plan Information*
Item 2.   Registrant Information and Employee Plan Annual Information
*
*      Information required by Part I of Form S-8 is omitted from this Registration Statement in
accordance with Rule 428 under the Securities Act, and the Note to Part I of Form S-8.
PART II
INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 3.   Incorporation of Documents by Reference.
The documents listed below are incorporated by reference in the Registration Statement. In
addition, all documents subsequently filed by Registrant pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Securities Exchange Act of 1934, as amended ("Exchange Act") prior to Registrant's
filing of a post-effective amendment which indicates that all securities offered have been sold or
which deregisters all securities then remaining unsold, shall be deemed to be incorporated by
reference into this Registration Statement and to be a part hereof from the date of filing of such
documents.
(a)    The Registrant's Registration Statement on Form S-4, filed with the Commission on
September 10, 2004 (File No. 333-118908), pursuant to the Securities Act that contains audited
financial statements for the Registrant's latest fiscal year.
(b)    All other reports filed by the Registrant pursuant to Section 13(a) or 15(d) of the
Exchange Act since filing the Registration Statement on Form 10 referred to in (a) above.
(c)    The description of the Registrant's Common Stock contained in the Registration Statement
on Form S-4, filed with the Commission on September 10, 2004 (File No. 333-118908), including any
amendments or reports filed for the purpose of updating such description.
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Item 4.   Description of Securities.
Not applicable.
Item 5.   Interests of Named Experts and Counsel.
The validity of the shares offered pursuant to the Plans will be passed upon by Moffatt,
Thomas, Barrett, Rock & Fields, Chartered,U.S. Bank Plaza Building, 101 S. Capitol Blvd., 10th
Floor, Boise, ID 83701-0829.
Item 6.   Indemnification of Directors and Officers.
Sections 850-859 of Title 30, Chapter 1 of the Idaho Code and the Company's Bylaws, taken
together, provide that the Company may indemnify any person who was or is involved in any manner or
was or is threatened to be made so involved in any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative, or investigative, by reason of the fact that
such person is or was a "director or officer" (defined as anyone serving at the Company's request
as a director, officer, partner, trustee employee or agent of another domestic or foreign
corporation, partnership, joint venture, trust, employee benefit plan or other entity), against all
expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by such
person in connection with such proceeding if the person acted in good faith and in a manner which
he or she reasonably believed to be in, or not opposed to, the best interests of the Company, and
with respect to a criminal proceeding, had no reasonable cause to believe his or her conduct was
unlawful. The Company may not, however, provide such indemnification on account of acts or
omissions finally adjudged to be the receipt of a financial benefit to which the director or
officer is not entitled, an intentional infliction of harm on the Company or its shareholders, an
unlawful distribution to shareholders under § 30-1-833 of the Idaho Code, or an intentional
violation of criminal law. The indemnification provisions of the Idaho Code and the Company's
Bylaws include the right of an indemnitee to receive payment of any expenses incurred in connection
with a proceeding in advance of the final disposition of the proceeding, consistent with applicable
law. The Idaho Code and the Company's Bylaws specify certain procedures and conditions that apply
with respect to indemnification and the advancement of expenses.
Indemnification of any person serving as a director or officer (who is also not a director) as
described in the preceding paragraph, is mandatory to the extent that such person has been wholly
successful on the merits or otherwise in defense of the subject action, suit or proceeding.
The indemnification rights described in the preceding paragraphs are not exclusive of other
rights to which any person seeking indemnification may otherwise be entitled under current or
future laws or by agreement with the Company.
The Company may also purchase and maintain insurance or make other financial arrangements on
behalf of any present or past director or officer pursuant to which such person served in that
capacity at the Company's request. Such insurance or other financial arrangements
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may cover liabilities asserted against or expenses incurred by, such person in any of the
aforementioned capacities, regardless of whether the Company would have the authority to indemnify
such person.
Besides indemnification, the Articles of Incorporation contain a provision that limits the
personal liability of the Company's directors and officers to the Company or its shareholders for
damages for breach of fiduciary duty, except liability for acts or omissions that involve the
receipt of a financial benefit to which the director or officer is not entitled, an intentional
infliction of harm on the Company or its shareholders, an unlawful distribution to shareholders
under § 30-1-833 of the Idaho Code, or an intentional violation of criminal law.
Item 7.   Exemption from Registration Claimed.
Not applicable.
Item 8.   Exhibits.
Exhibit
Number
Description
5.1
Opinion of Moffatt, Thomas, Barrett, Rock & Fields, Chartered,
Registrant's Idaho counsel, regarding legality of the Common Stock
being registered
23.1
Consent of Moffatt, Thomas, Barrett, Rock & Fields, Chartered,
(included in Exhibit 5.1)
23.2
Consent of BDO Seidman, LLP
24.1
Powers of Attorney (included in the Signature Page)
99.1
Snake River Bancorp, Inc. Nonqualified Stock Option Plan for Employees
99.2
Snake River Bancorp, Inc. Incentive Employee Stock Option Plan for
Employees
99.3
Form of Employee Stock Option Agreement
Item 9.   Undertakings.
A.
The undersigned Registrant hereby undertakes:
1)   To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:
(i)   To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)   To reflect in the prospectus any facts or events arising after the effective date of the
Registration Statement (or the most recent post-effective amendment thereof) which,
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individually or in the aggregate, represent a fundamental change in the information set forth
in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume
of securities offered (if the total dollar value of securities offered would not exceed that which
was registered) and any deviation from the low or high end of the estimated maximum offering range
may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in
the aggregate, the changes in volume and price represent no more than a 20% change in the maximum
aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective
Registration Statement;
(iii)   To include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to such information in
the Registration Statement;
Provided
,
however
, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do
not apply if the Registration Statement is on Form S-3,
Form S-8 or Form F-3, and the information
required to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or
Section 15(d) of the Securities Exchange Act that are incorporated by reference in the Registration
Statement.
2)   That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
3)   To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
B.   The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Registrant's annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in the Registration Statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof.
C.   Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a director, officer of controlling
person of the Registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered,
the Registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act and will be governed by the
final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Sandpoint, State of Idaho, on December 15, 2004.
INTERMOUNTAIN COMMUNITY BANCORP
By:
/s/ Curt Hecker
Curt Hecker
President and Chief Executive Officer
POWER OF ATTORNEY
Each person whose individual signature appears below hereby authorizes and appoints Curt
Hecker and Doug Wright, and each of them, with full power of substitution and full power to act
without the other, as his or her true and lawful attorney-in-fact and agent to act in his or her
name, place and stead and to execute in the name and on behalf of each person, individually and in
each capacity stated below, and to file any and all amendments to this Registration Statement,
including any and all post-effective amendments.
Pursuant to the requirements of the Securities Act, this Power of Attorney has been signed by
the following persons in the capacities indicated on December 15, 2004.
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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/s/ C. L. Bauer
C. L. Bauer
Director
Ford Elsaesser
Director
/s/ Ron Jones
Ron Jones
Director
Maggie Y. Lyons
Director
/s/ Terry L. Merwin
Terry L. Merwin
Director
/s/ Jim Patrick
Jim Patrick
Director
Dennis Pence
Director
Michael J. Romine
Director
/s/ Jerry Smith
Jerry Smith
Director
/s/ Douglas P. Ward
Douglas P. Ward
Director
Barbara Strickfaden
Director
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INDEX OF EXHIBITS
Exhibit
Number
Description
5.1
Opinion of Moffatt, Thomas, Barrett, Rock & Fields, Chartered,
Registrant's Idaho counsel, regarding legality of the Common Stock
being registered
23.1
Consent of Moffatt, Thomas, Barrett, Rock & Fields, Chartered,
(included in Exhibit 5.1)
23.2
Consent of BDO Seidman, LLP
24.1
Powers of Attorney (included in the Signature Page)
99.1
Snake River Bancorp, Inc. Nonqualified Stock Option Plan for Employees
99.2
Snake River Bancorp, Inc. Incentive Employee Stock Option Plan for
Employees
99.3
Form of Employee Stock Option Agreement