1 COMMUNITY CENTRAL BANK CORPORATION FORM 10-QSB (continued) EXHIBIT 11 COMPUTATION OF PER SHARE EARNINGS Three Months Ended Six Months Ended June 30, June 30, 1997 1997 ------------------ ---------------- (in thousands, except per share data) NET LOSS ($569) ($1,176) / WEIGHTED AVERAGE SHARES 1,265 1,265 - ----------------------------------------- ------ ------- NET LOSS PER SHARE ($0.45) ($0.93) ========================================= ====== ======= Notes: - - Weighted average shares outstanding have been adjusted to reflect the 10% stock dividend paid April 30, 1997. 18