. . . 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, ------------------ ---------------- 2007 2006 2007 2006 ------ ------ ------ ------ (in thousands, except per share data) BASIC Net Income $ 536 $ 631 $1,194 $1,334 / Weighted Average Shares 3,868 4,020 3,925 4,012 ------ ------ ------ ------ Basic Earnings Per Share $ 0.14 $ 0.16 $ 0.30 $ 0.33 ====== ====== ====== ====== DILUTED Net Income $ 536 $ 631 $1,194 $1,334 / Weighted Average Shares 3,919 4,089 3,981 4,081 ------ ------ ------ ------ Diluted Earnings Per Share $ 0.14 $ 0.15 $ 0.30 $ 0.33 ====== ====== ====== ====== Notes: - - Weighted average shares outstanding have been adjusted to reflect the 5% stock dividend in June of 2007. 36