. . . COMMUNITY CENTRAL BANK CORPORATION FORM 10-Q (continued) EXHIBIT 11 COMPUTATION OF PER SHARE EARNINGS Three Months Ended Nine Months Ended September 30, September 30, 2006 2005 2006 2005 ------ ------ ------ ------ (in thousands, except per share data) BASIC Net Income $ 610 $ 751 $1,944 $2,333 / Weighted Average Shares 3,834 3,804 3,825 3,584 ------ ------ ------ ------ Basic Earnings Per Share $ 0.16 $ 0.20 $ 0.51 $ 0.65 ====== ====== ====== ====== DILUTED Net Income $ 610 $ 751 $1,944 $2,333 / Weighted Average Shares 3,894 3,903 3,889 3,680 ------ ------ ------ ------ Diluted Earnings Per Share $ 0.16 $ 0.19 $ 0.50 $ 0.63 ====== ====== ====== ====== Notes: - Weighted average shares outstanding have been adjusted to reflect the 5% stock dividend in June of 2006. 34