<PAGE>   1
                                                                       CONFORMED
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-KSB

              [ X ] ANNUAL REPORT UNDER SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

    For the fiscal year ended December 31, 1998   Commission File No. 333-04113
                              -----------------

                       COMMUNITY CENTRAL BANK CORPORATION
                       ----------------------------------
                 (Name of small business issuer in its charter)

<TABLE>
<S>                                                                   <C>       
                    Michigan                                          38-3291744
                    --------                                          ----------
(State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.)
</TABLE>

             100 N. Main Street, Mount Clemens, Michigan 48043-5605
             ------------------------------------------------------
                    (Address of principal executive offices)

                                 (810) 783-4500
                                 --------------
                           (Issuer's telephone number)

           Securities registered under Section 12(b) of the Act: None

           Securities registered under Section 12(g) of the Act: None

         Check whether the issuer (1) has filed all reports required to be filed
by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days.
         YES  X            NO         
             ---              ---

         Check if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of the registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [ X ]

         Issuer's revenue for its most recent fiscal year was $9,423,000

As of March 19, 1999, 2,196,455 shares of Common Stock of the issuer were
outstanding. The aggregate market value of voting stock of the registrant held
by nonaffiliates was approximately $17.5 million as of March 19, 1999; based on
the average of the bid and asked prices ($9.94) on that date. (For purposes of 
this calculation, 432,000 shares owned by the members of the Corporation's Board
of Directors have been excluded.)

                      DOCUMENTS INCORPORATED BY REFERENCE:

         Part            II Part of Stockholder Report of the issuer for the
                         year ended December 31, 1998.

         Part III        Part of the Proxy Statement of the issuer dated
                         March 18, 1999.


Transitional Small Business Disclosure Format            Yes      No  X 
                                                             ----    ----


<PAGE>   2
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB (continued)


                                     PART I

ITEM 1.  DESCRIPTION OF BUSINESS

THE CORPORATION

         Community Central Bank Corporation (the Corporation) is a bank holding
company under the Bank Holding Company Act of 1956, as amended (the Bank Holding
Company Act). As a bank holding company, the Corporation is subject to
regulation by the Federal Reserve Board. The Corporation was organized on April
26, 1996, under the laws of the State of Michigan, and formed Community Central
Bank (the Bank) effective September 16, 1996. The Corporation exists primarily
for the purpose of holding all the stock of the Bank, and of such other
subsidiaries as it may acquire or establish.

         The expenses of the Corporation have generally been paid using the
proceeds of its two public stock offerings. The Corporation's principal source
of future operating funds is expected to be dividends from the Bank.

THE BANK

         The Bank is a state banking corporation which operates under the laws
of the United States of America, pursuant to a charter issued by the State of
Michigan. The Bank's deposits are insured to the maximum extent allowed by the
Federal Deposit Insurance Corporation.

         The Bank, through its office at 100 North Main Street, Mount Clemens,
Michigan, provides a wide variety of commercial banking services to individuals,
businesses, governmental units, and other institutions. Its services include
accepting time, demand and savings deposits, including regular checking
accounts, NOW and money market accounts, and certificates of deposit. In
addition, the Bank makes secured and unsecured commercial, construction,
mortgage, and consumer loans, and provides safe deposit facilities. The Bank has
three automated teller machines (ATM) which participate in the Magic Line
system, a regional network, as well as other ATM networks throughout the
country. In addition to the foregoing services, the Bank provides its customers
with extended banking hours and a system to perform certain transactions by
telephone or personal computer.

EFFECT OF GOVERNMENT MONETARY POLICIES

         The earnings of the Corporation are affected by domestic economic
conditions and the monetary and fiscal policies of the United States Government,
its agencies, and the Federal Reserve Board. The Federal Reserve Board's
monetary policies have had, and will likely continue to have, an important
impact on the operating results of commercial banks through its power to
implement national monetary policy. Monetary policy is used to, among other
things, attempt to curb inflation or combat a recession. The policies of the
Federal Reserve Board have a major effect upon the levels of bank loans,
investments and deposits through its open market operations in United States
Government securities, and through its regulation of, among other things, the
discount rate on borrowings of member banks and the reserve requirements against
member bank deposits. It is not possible to predict the nature and impact of
future changes in monetary and fiscal policies.


                                       2
<PAGE>   3
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB (continued)

REGULATION AND SUPERVISION

         The Corporation, as a bank holding company under the Bank Holding
Company Act, is required to file an annual report with the Federal Reserve
Board. It may be required to file additional information as the Federal Reserve
Board may require, pursuant to the Bank Holding Company Act, and is subject to
examination by the Federal Reserve Board.

         The Bank Holding Company Act limits the activities which may be engaged
in by the Corporation (and its subsidiary) to those of banking and the
management of banking organizations, and to certain non-banking activities,
including those activities which the Federal Reserve Board may find, by order or
regulation, to be closely related to banking or managing or controlling banks.
The Federal Reserve Board is empowered to differentiate between activities by a
bank holding company, or a subsidiary thereof, and activities commenced by
acquisition of a going concern.

         With respect to non-banking activities, the Federal Reserve Board has,
by regulation, determined that certain non-banking activities are closely
related to banking within the meaning of the Bank Holding Company Act. These
activities include, among other things, operating a mortgage company, finance
company, credit card company or factoring company, performing certain data
processing operations, providing certain investment and financial advice, acting
as an insurance agent for certain types of credit related insurance, leasing
property on a full-payout, nonoperating basis; and, subject to certain
limitations, providing discount securities brokerage services for customers. The
Corporation has no current plans to engage in non-banking activities.

         The Bank is subject to certain restrictions imposed by federal law on
any extension of credit to the Corporation for investments in stock or other
securities, and on the taking of such stock or securities as collateral for
loans to any borrower. Federal law prevents the Corporation from borrowing from
the Bank unless the loans are secured in designated amounts.

         With respect to the acquisition of banking organizations, the
Corporation is required to obtain the prior approval of the Federal Reserve
Board before it can acquire all or substantially all of the assets of any bank,
or acquire ownership or control of any voting shares of any bank, if, after such
acquisition, it will own or control more than 5% of the voting shares of such
bank. Acquisitions across state lines are subject to certain state and Federal
Reserve Board restrictions.

EMPLOYEES

         As of December 31, 1998, the Corporation and the Bank employed 35
persons (full time equivalent).

COMPETITION

         All phases of the business of the Bank are highly competitive. The Bank
competes with numerous financial institutions, including other commercial banks,
in the Macomb County and metropolitan Detroit area. The Bank, along with other
commercial banks, competes with respect to its lending activities, and competes
in attracting demand deposits with savings banks, savings and loan associations,
insurance companies, small loan companies, credit unions and with the issuers of
commercial paper and other securities, such as various mutual funds. Many of
these institutions are substantially larger and have greater financial resources
than the Bank.

         The competitive factors among financial institutions can be classified
into two categories; competitive rates and competitive services. Interest rates
are widely advertised and thus competitive, especially in the area of time
deposits. From a service standpoint, financial institutions compete against each
other in types and quality of services. The Bank is generally competitive with
other financial institutions in its area with respect to interest rates paid on
time and savings deposits, fees charged on deposit accounts, and interest rates
charged on loans. With respect to services, the Bank offers a customer service
oriented atmosphere which management believes is better suited to its customers'
needs than that which is offered by other institutions in the local market.


                                       3
<PAGE>   4
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB (continued)

LEGAL LENDING LIMIT

         Pursuant to state regulations, the Bank is limited in the amount that
it may lend to a single borrower. As of December 31, 1998, the legal lending
limit was approximately $2.0 million; however, that limit can be expanded (for
individual loans) to approximately $3.3 million with approval of the Board of
Directors.

RETURN ON EQUITY AND ASSETS

         The following table contains selected ratios:

<TABLE>
<CAPTION>
                                                  Year ended December 31,
                                                1998                    1997
                                                -----                   -----

         <S>                                    <C>                    <C>    
         Return on average total assets          0.96%                  (3.55%)
         Return on average equity               10.40%                 (22.20%)
         Dividend payout ratio                     NA                       NA
         Average equity to average assets        9.22%                  16.00%
</TABLE>


ADDITIONAL STATISTICAL DATA

         Additional consolidated statistical information is shown under the
caption "Management's Discussion and Analysis of Financial Condition and Results
of Operations" on pages 25 to 31 of the Stockholder Report of the Corporation,
for the year ended December 31, 1998, (exhibit 13) and is incorporated by
reference herein.


ITEM 2.  DESCRIPTION OF PROPERTY

         The Bank leases a renovated office in the downtown business district of
Mount Clemens. The executive offices of the Corporation are located in the same
building. The building lease runs through 2011.


ITEM 3.  LEGAL PROCEEDINGS

         As a depository of funds, the Bank could occasionally be named as a
defendant in lawsuits (such as garnishment proceedings) involving claims to the
ownership of funds in particular accounts. All such litigation is incidental to
the Bank's business.

         The Corporation's management believes that no litigation is threatened
or pending in which the Corporation, or its subsidiary, is likely to experience
loss or exposure which would materially affect the Corporation's capital
resources, results of operations, or liquidity as presented herein.


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         None


                                       4
<PAGE>   5
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB (continued)


                                     PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

         The information shown under the caption "Stock Information" on page 32
of the Stockholder Report of the Corporation, for the year ended December 31,
1998, (exhibit 13) is incorporated by reference herein.

ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

         The information shown under the caption "Management's Discussion and
Analysis of Financial Condition and Results of Operations" on pages 25 to 31 of
the Stockholder Report of the Corporation, for the year ended December 31, 1998,
(exhibit 13) is incorporated by reference herein.

ITEM 7.  FINANCIAL STATEMENTS

         The information presented under the captions "Consolidated Balance
Sheet," "Consolidated Statement of Operations," "Consolidated Statement of
Comprehensive Income," "Consolidated Statement of Changes in Stockholders'
Equity," "Consolidated Statement of Cash Flow," and "Notes to Consolidated
Financial Statements," on pages 1 through 24 of the Stockholder Report of the
Corporation, for the year ended December 31, 1998, as well as the Independent
Auditor's Report of Plante & Moran, LLP, dated January 26, 1999, (both exhibit
13) is incorporated by reference herein.

ITEM 8.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND 
         FINANCIAL DISCLOSURE

         None


                                       5
<PAGE>   6
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB (continued)


                                    PART III

ITEM 9.   DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; 
          COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

         The information listed under the caption "Information about Directors
and Nominees as Directors" on page 4 of the Proxy Statement of the Corporation
dated March 18, 1999, (exhibit 20) is incorporated by reference herein.

EXECUTIVE OFFICERS

         The following is a list of the executive officers of the Corporation,
together with their ages and their positions at December 31, 1998. Executive
officers of the Corporation are elected annually by the Corporation's Board of
Directors to serve for the ensuing year and until their successors are elected
and qualified.

<TABLE>
<CAPTION>
         Name and Position                      Position Held Since        Age
         -----------------                      -------------------        ---
     <S>                                        <C>                        <C>
     Harold W. Allmacher
       Chairman of the Board and
         Chief Executive Officer                1996 - present             59

     Richard J. Miller
       President and Chief Operating Officer    1996 - 1999                40

     Peter J. Przybocki
       Corporate Treasurer                      1996 - present             35

     Andrew Tassopoulos
       Executive Vice President                 1996 - present             38
</TABLE>


         Mr. Allmacher held a similar position with Old Kent Bank - Macomb for
substantially all of the two year period prior to the inception of the
Corporation. Messrs. Miller, Tassopoulos, and Przybocki held various officer
positions with Old Kent Bank - Macomb for substantially all of the two year
period prior to joining the Corporation, except that Mr. Przybocki held a
financial reporting position with Republic Bancorp Inc. of Owosso, Michigan,
during parts of 1995 and 1996.

         Effective February 19, 1999, Mr. Miller resigned from his positions
with the Corporation and the Bank. On March 2, 1999, Mr. Tassopoulos was named
President of the Corporation and the Bank. At the same time, Mr. Przybocki was
named Executive Vice President and Chief Financial Officer.

ITEM 10.  EXECUTIVE COMPENSATION

         The information detailed in the last two paragraphs under the captions
"Board of Directors Meetings and Committees" on page 5, "Report of the
Compensation Committee," on pages 6 and 7, "Summary Compensation Table" on page
7, and "Options Granted in 1998" and "Aggregated Stock Option Exercises in 1998
and Year End Option Values" on page 8 of the Proxy Statement of the Corporation
dated March 18, 1999, (exhibit 20) is incorporated by reference herein.

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

         The information summarized under the caption "Stock Ownership of
Certain Beneficial Owners and Management" on page 3 of the Proxy Statement of
the Corporation dated March 18, 1999, (exhibit 20) is incorporated by reference
herein.


                                       6
<PAGE>   7
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB (continued)


ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

         The information listed under the caption "Certain Transactions" on page
9 of the Proxy Statement of the Corporation dated March 18, 1999, (exhibit 20)
is incorporated by reference herein.





                                     PART IV

ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits:

         A list of exhibits included as part of this Form 10-KSB is shown in the
Exhibit Index, which immediately precedes such exhibits, and is incorporated by
reference herein.


(b)  Reports on Form 8-K

         The Corporation has not filed any reports on Form 8-K during the last
quarter of the period covered by this Report.



                                       7
<PAGE>   8
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB (continued)


                                   SIGNATURES

         In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized, on March 22, 1999:


                              COMMUNITY CENTRAL BANK CORPORATION


                              /S/ HAROLD W. ALLMACHER

                              --------------------------------
                              Harold W. Allmacher; Chief Executive Officer
                                (Principal Executive Officer)


                              /S/ ANDREW TASSOPOULOS

                              --------------------------------
                              Andrew Tassopoulos; President


                              /S/ PETER J. PRZYBOCKI

                              --------------------------------
                              Peter J. Przybocki, CPA; Chief Financial Officer
                              (Principal Financial and Accounting officer)


         In accordance with the Exchange Act, this report has been signed below
by the following persons on behalf of the registrant, and in the capacities
indicated on March 22, 1999:


/S/ HAROLD W. ALLMACHER                       /S/ BOBBY L. HILL
------------------------------------------   --------------------------------
Harold W. Allmacher; Chairman of the Board   Bobby L. Hill; Director

/S/ GEBRAN S. ANTON                           /S/ JOSEPH F. JEANNETTE
------------------------------------------   --------------------------------
Gebran S. Anton; Director                    Joseph F. Jeannette; Director

/S/ JOSEPH CATENACCI                          /S/ DEAN S. PETITPREN
------------------------------------------   --------------------------------
Joseph Catenacci; Director                   Dean S. Petitpren; Director

/S/ RAYMOND M. CONTESTI                       /S/ CAROLE L. SCHWARTZ
------------------------------------------   --------------------------------
Raymond M. Contesti; Director                Carole L. Schwartz; Director

/S/ SALVATORE COTTONE                         /S/ ANTHONY R. TERSIGNI
------------------------------------------   --------------------------------
Salvatore Cottone; Director                  Anthony R. Tersigni; Director

/S/ CELESTINA GILES
------------------------------------------
Celestina Giles; Director


                                       8
<PAGE>   9
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB (continued)


                                  EXHIBIT INDEX

<TABLE>
<CAPTION>
           EXHIBIT NO.                               EXHIBIT DESCRIPTION
           -----------                               -------------------
           <S>                 <C>
                  3.1          Articles of Incorporation are incorporated by reference to exhibit 3.1 of the
                               Corporation's Registration Statement on Form SB-2 (Commission File No. 333-04113)
                               which became effective September 23, 1996

                  3.2          Bylaws of the Corporation are incorporated by reference to exhibit 3.2 of the
                               Corporation's Registration Statement on Form SB-2 (Commission File No. 333-04113)
                               which became effective September 23, 1996

                  10.1         1996 Employee Stock Option Plan is incorporated by reference to exhibit 10.1 of the
                               Corporation's Registration Statement on Form SB-2 (Commission File No. 333-04113)
                               which became effective September 23, 1996

                  10.2         1996 Stock Option Plan for Nonemployee Directors, is incorporated by reference to
                               exhibit 10.2 of the Corporation's Registration Statement on Form SB-2 (Commission
                               File No. 333-04113) which became effective September 23, 1996

                  10.3         Lease Agreement between the Corporation and T.A.P. Properties, LLC, dated May 16,
                               1996, is incorporated by reference to exhibit 10.3 of the Corporation's Registration
                               Statement on Form SB-2 (Commission File No. 333-04113) which became effective
                               September 23, 1996

                  10.4         Vicant Office Building Lease Agreement dated April 1, 1997, between Gebran S. Anton,
                               Jr. and the Bank is incorporated by reference to exhibit 10.5 of the Corporation's
                               Registration Statement on Form SB-2 (Commission File No. 333-58475) which became
                               effective August 25, 1998.

                  11           Computation of Per Share Earnings

                  13           Independent Auditor's Report dated January 26, 1999, and Stockholder Report of the
                               Corporation for the year ended December 31, 1998. Except for the portions of the
                               Stockholder Report that are expressly incorporated by reference in this 10-KSB, the
                               Stockholder Report shall not be deemed filed as a part hereof.

                  20           Proxy Statement of the Corporation dated March 18, 1999. Except for the portions of
                               the Proxy Statement that are expressly incorporated by reference in this 10-KSB, the
                               Proxy Statement shall not be deemed filed as a part hereof.

                  21           Subsidiaries of the Issuer

                  23           Consent of Independent Auditor

                  27           Financial Data Schedule
</TABLE>



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