. . . 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, 2004 2003 2004 2003 ------- ------- ------- ------- (in thousands, except per share data) BASIC Net Income $ 796 $ 567 $ 1,450 $ 1,568 / Weighted Average Shares 2,831 2,810 2,827 2,789 ------- ------- ------- ------- Basic Earnings Per Share $ 0.28 $ 0.20 $ 0.51 $ 0.56 ======= ======= ======= ======= DILUTED Net Income $ 796 $ 567 $ 1,450 $ 1,568 / Weighted Average Shares 2,896 2,860 2,895 2,836 ------- ------- ------- ------- Diluted Earnings Per Share $ 0.27 $ 0.20 $ 0.50 $ 0.55 ======= ======= ======= ======= Notes: - Weighted average shares outstanding have been adjusted to reflect the 5% stock dividend in June of 2004. 30