. . . COMMUNITY CENTRAL BANK CORPORATION FORM 10-Q (continued) EXHIBIT 11 COMPUTATION OF PER SHARE EARNINGS Three Months Ended Six Months Ended June 30, June 30, ------------------ ---------------- 2006 2005 2006 2005 ------- ------ ------ ------- (in thousands, except per share data) BASIC Net Income $ 631 $ 830 $1,334 $1,582 / Weighted Average Shares 3,829 3,588 3,821 3,471 ------ ------ ------ ------ Basic Earnings Per Share $ 0.16 $ 0.23 $ 0.35 $ 0.46 ====== ====== ====== ====== DILUTED Net Income $ 631 $ 830 $1,334 $1,582 / Weighted Average Shares 3,895 3,686 3,887 3,566 ------ ------ ------ ------ Diluted Earnings Per Share $ 0.16 $ 0.23 $ 0.34 $ 0.44 ====== ====== ====== ====== Notes: - - Weighted average shares outstanding have been adjusted to reflect the 5% stock dividend in June of 2006. 35