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                       SECURITY AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                 FORM 10-QSB/A



(Mark One)
( X )  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
       OF THE SECURITIES EXCHANGE ACT OF 1934

       For the quarterly period ended December 31, 1996
                                      -----------------

                                      OR

 (  )  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934

       For the transition period from __________________ to ____________________

                              OTS Docket No. 6332

                              ILLINOIS COMMUNITY BANCORP, INC.
       -------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


       United States                                   37-1361560
---------------------------                     ------------------------
  (State or other jurisdiction                 (I.R.S. Employer ID Number)
of incorporation or organization)

 210 E. Fayette, Effingham, Illinois           62401
------------------------------------------------------
(Address of principal executive offices)    (Zip code)


 Registrant's telephone number, including area code       (217) 347-7127
                                                          --------------

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                                YES      X               NO   ___________
                                     ----------                          

Indicate the number of shares outstanding of each of the registrant's classes of
common stock, as of the latest practicable date.

             Class                      Shares outstanding at February 10, 1997
-----------------------------           --------------------------------------- 
Common Stock, Par Value $0.01                          502,550
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                                  SIGNATURES

Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                       Illinois Guarantee Savings Bank FSB and
                                       Subsidiary



Date:  April 7, 1997                   /s/ Douglas A. Pike
       -----------------               ________________________________________
                                       Douglas A. Pike
                                       President and Chief Operations Officer



Date: April 7, 1997                    /s/ Ronald R. Schettler
      -----------------                _________________________________________
                                       Ronald R. Schettler
                                       Senior Vice President and Chief Financial
                                       Officer