1 COMMUNITY CENTRAL BANK CORPORATION FORM 10-QSB (continued) EXHIBIT 11 COMPUTATION OF PER SHARE EARNINGS THREE MONTHS ENDED MARCH 31, 1999 1998 ---- ---- (in thousand, except per share data) BASIC Income (Loss) Before Cumulative Effect of Accounting Change $262 ($143) / Weighted Average Shares 2,416 1,531 ---- ---- Per Share 0.11 (0.09) Cumulative Effect of Accounting Change (57) ---- / Weighted Average Shares 2,416 1,531 ---- ---- Per Share (0.02) ---- ---- ---- Basic Earnings (Loss) Per Share $0.09 ($0.09) ===== ===== DILUTED Income (Loss) Before Cumulative Effect of Accounting Change $262 ($143) / Weighted Average Shares 2,424 1,531 ---- ---- Per Share 0.11 (0.09) Cumulative Effect of Accounting Change (57) ---- / Weighted Average Shares 2,424 1,531 ---- ---- Per Share (0.02) ---- ---- ---- Diluted Earnings (Loss) Per Share $0.09 ($0.09) ==== ==== Notes: - Weighted average shares outstanding have been adjusted to reflect the 10% stock dividends in 1999 and 1998. - Where applicable, diluted share computations include the effects of outstanding stock options.