. . . 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, ------------------ ----------------- 2007 2006 2007 2006 ------ ------ ------ ------ (in thousands, except per share data) BASIC Net Income $ 597 $ 610 $1,791 $1,944 / Weighted Average Shares 3,760 4,026 3,870 4,017 ------ ------ ------ ------ Basic Earnings Per Share $ 0.16 $ 0.15 $ 0.46 $ 0.48 ====== ====== ====== ====== DILUTED Net Income $ 597 $ 610 $1,791 $1,944 / Weighted Average Shares 3,799 4,089 3,920 4,084 ------ ------ ------ ------ Diluted Earnings Per Share $ 0.16 $ 0.15 $ 0.46 $ 0.48 ====== ====== ====== ====== Notes: - - Weighted average shares outstanding have been adjusted to reflect the 5% stock dividend in June of 2007. 35