FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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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1. Name and Address of Reporting Person * JONES RONALD L   2. Issuer Name and Ticker or Trading Symbol INTERMOUNTAIN COMMUNITY BANCORP [IMCB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 414 CHURCH ST. 3. Date of Earliest Transaction (Month/Day/Year) 11/02/2004 (Street) SANDPOINT, ID 83864 4. If Amendment, Date Original Filed(Month/Day/Year) 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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/02/2004   J(1)   58.8558 (2) A $ 0 58.8558 I Main Street Investors Partnership Common Stock 12/01/2005   L(3)   25.5834 (4) A $ 14.05 84.4392 I Main Street Investors Partnership Common Stock 12/22/2009   L(3)   27.96 A $ 2.25 112.3992 I Main Street Investors Partnership Common Stock 02/18/2010   L(3)   83.88 A $ 1.75 196.2792 I Main Street Investors Partnership Common Stock 08/09/2010   S(5)   111.84 D $ 1.95 84.4392 I Main Street Investors Partnership Common Stock 09/16/2010   S(5)   84.4392 D $ 1.65 0 I Main Street Investors Partnership Common Stock               17,016 D   Common Stock               7,242 I By Spouse in IRA account

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
JONES RONALD L 414 CHURCH ST. SANDPOINT, ID 83864	X

Signatures

Susan A. Pleasant, POA		10/26/2010
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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)	Reflects shares held by the investment partnership on 11/2/04, the date on which the reporting person became a director, which were not reflected on Form 3.
(2)	Number of securities reflects a 3:2 stock split in March 2005, and a 10% dividend in May 2006 and May 2007.
(3)	Relates to shares held by investment partnership of which the reporting person is a general partner. Share amounts shown represent the reporting person's indirect beneficial ownership through his 6.99% interest in the partnership.
(4)	Number and price of securities reflects a 10% dividend in May 2006 and May 2007.
(5)	Reflects the shares beneficially held by the reporting person pursuant to the partnership that were sold upon liquidation of the investment partnership.

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