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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 3)*

INTERMOUNTAIN COMMUNITY BANCORP

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

	o		Rule 13d-1(b)
	o		Rule 13d-1(c)
	þ		Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SEC 1745(2/02)

 

 

CUSIP No.			13G	Page		2		of		5 Pages

Item 1(a):		NAME OF ISSUER
		INTERMOUNTAIN COMMUNITY BANCORP
Item 1(b):		ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES
		231 N. Third Avenue, Sandpoint, Idaho 83864
Item 2(a):		NAME OF PERSON FILING
		Michael J. Romine
Item 2(b):		ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
		402 Sandpoint Ave., Unit 325, Sandpoint, ID 83864
Item 2(c):		CITIZENSHIP
		United States
Item 2(d):		TITLE OF CLASS OF SECURITIES
		No Par Value Common Stock
Item 2(e):		CUSIP NUMBER: 45881M100
Item 3:		If this statement is not filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person is filing is a:
		(a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
		(b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
		(c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
		(d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
		(e) o An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
		(f) o An employee benefit plan or endowment fund in accordance with §240.13d-1(b).
		(g) o A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
		(h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
		(i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment          Company Act of 1940 (15 U.S.C. 80a-3).
		(j) o Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4:		OWNERSHIP
		Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

	(a)		Amount Beneficially Owned: 529,464
	(b)		Percent of Class
			6.4%
	(c)		Number of Shares as to Which Such Person Has:

	(i)		Sole power to vote or direct the vote:
			524,003
	(ii)		Shared power to vote or direct the vote:
			5,461
	(iii)		Sole power to dispose or to direct the disposition of:
			523,530
	(iv)		Shared power to dispose or to direct the disposition of:
			5,461

Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d3(d)(1).

Item 5:		OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
		If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.
		Not Applicable
		Instruction: Dissolution of a group requires a response to this item.
Item 6:		OWNERSHIP OF NOT MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
		If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
		Not Applicable
Item 7:		IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED BY THE PARENT HOLDING COMPANY OR CONTROL PERSON
		If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Not Applicable

Item 8:		IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
		If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
		Not Applicable
Item 9:		NOTICE OF DISSOLUTION OF GROUP
		Notice dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
		Not Applicable
Item 10:		CERTIFICATION
		Not Applicable

SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

		2/13/08
		Date
		/s/ Michael J. Romine
		Signature
		Michael J. Romine
		Name/Title