Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Elsaesser Ford
 2. Date of Event Requiring Statement (Month/Day/Year)
05/30/2004		 3. Issuer Name and Ticker or Trading Symbol
INTERMOUNTAIN COMMUNITY BANCORP [IMCB]
(Last)
(First)
(Middle)
231 N. THIRD AVE.		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
05/27/2004
(Street)

SANDPOINT, ID 83864		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 55,226 (1)
D (2)
 
Common Stock 348
I
Held by daughter
Common Stock 338
I
Held by son
Common Stock 338
I
Held by daughter
Common Stock 3,140
I
By Elsaesser, Jarzabek & Buchanan, Pension Fund ITF: Joseph Jarzabek
Common Stock 712
I
By Elsaesser, Jarzabek, Anderson, Marks & Elliott Savings Plan FBO: Donna LaRue
Common Stock 110 (3)
I
Edward D Jones - Elsaesser Jarzabek Anderson Marks & Elliott Savings UAD 12/1/83 FBO: Deborah Hillen

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Director Stock Option   (4) 05/01/2014 Common Stock 500 $ 23.95 D  
Director Stock Option   (5) 01/14/2009 Common Stock 10,250 $ 8.02 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Elsaesser Ford
231 N. THIRD AVE.
SANDPOINT, ID 83864		   X      

Signatures

Susan A. Pleasant Executive Assistant, POA 04/05/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Ownership of 584 shares registered in Dain Rauscher account to Ford Elsaesser & Jean Elsaesser JT TEN/WROS inadvertently omitted on original Form 3 filing.
(2) Includes shares held jointly with spouse and in a pension fund trust.
(3) Indirect ownership of 110 shares inadvertently omitted from orignal Form 3 filing.
(4) The option vests in five equal annual installments beginning 5/1/05.
(5) The option vests in five equal annual installments beginning 1/14/00.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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