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COMMUNITY CENTRAL BANK CORPORATION
FORM 10-QSB (continued)
EXHIBIT 11
COMPUTATION OF PER SHARE EARNINGS
Three Months Ended Nine Months Ended
September 30, September 30,
2000 1999 2000 1999
----- ----- ----- -----
(in thousands, except per share data)
BASIC
Income Before Cumulative Effect
of Accounting Change $ 432 $ 290 $ 1,210 $ 846
/ Weighted Average Shares 2,605 2,643 2,603 2,653
------- ------- ------- -------
Per Share 0.17 0.11 0.46 0.32
Cumulative Effect of Accounting Change -- -- -- (57)
/ Weighted Average Shares 2,605 2,643 2,603 2,653
------- ------- ------- -------
Per Share $ -- $ -- $ -- ($ 0.02)
------- ------- ------- -------
Basic Earnings Per Share $ 0.17 $ 0.11 $ 0.46 $ 0.30
======= ======= ======= =======
DILUTED
Income Before Cumulative Effect
of Accounting Change $ 432 $ 290 $ 1,210 $ 846
/ Weighted Average Shares 2,605 2,650 2,603 2,661
------- ------- ------- -------
Per Share 0.17 0.11 0.46 0.32
Cumulative Effect of Accounting Change -- -- -- (57)
/ Weighted Average Shares 2,605 2,650 2,603 2,661
------- ------- ------- -------
Per Share $ -- $ -- $ -- ($ 0.02)
------- ------- ------- -------
Diluted Earnings Per Share $ 0.17 $ 0.11 $ 0.46 $ 0.30
======= ======= ======= =======
Notes:
- Weighted average shares outstanding have been adjusted to reflect the 10%
stock dividends in 2000 and 1999.
- Where applicable, diluted share computations include the effects of
outstanding stock options.
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