<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, 1997 Commission File No. 333-04113

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

           Michigan                                     38-3291744
(State or other jurisdiction of              (IRS Employer Identification No.)
incorporation or organization)
                

             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 $4,133,000

         As of March 19, 1998, 1,265,000 shares of Common Stock of the issuer
were outstanding. The aggregate market value of voting stock of the registrant
held by nonaffiliates was approximately $12.3 million as of March 19, 1998;
based on the average of the bid and asked prices ($12.25) on that date. (For
purposes of this calculation, 265,000 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, 1997.

         Part III                   Part of the Proxy Statement of the issuer 
                                    dated March 27, 1998.


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 initial public stock offering. 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 provided 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
an automated teller machine (ATM) which participates 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 in order to, among other things, 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. The Bank has not been required to maintain reserves with
the Federal Reserve Bank based on current deposits.  


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<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
and such 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 so closely related to banking or managing or controlling banks as to be a
proper incident thereto. 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 thereof, 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, 1997, the Corporation and the Bank employed 34
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.


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


         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.

         Pursuant to state regulations, the Bank is limited in the amount that
it may lend to a single borrower. As of December 31, 1997 the legal lending
limit was approximately $1.1 million; however, that limit can be expanded (for
individual loans) to approximately $1.8 million with approval of the Board of
Directors.

LOAN PORTFOLIO

         Residential real estate loans are generally for owner occupied, one to
four family homes, which are secured by mortgages. The majority of these loans
have a fixed interest rate. The Bank has no material foreign or agricultural
loans, and no material loans to energy producing customers.

         Loans are placed in a nonaccrual status when, in the opinion of
management, uncertainty exists as to the ultimate collection of principal and
interest. For the period ended December 31, 1997, no loans were placed in
nonaccrual status. At December 31, 1997, there were no significant loans where
known information about possible credit problems of borrowers causes management
to have serious doubts as to the ability of the borrower to comply with present
loan repayment terms and which, in management's judgment, may result in
disclosure of such loans. Furthermore, management is not aware of any potential
problem loans which could have a material effect on the Corporation's operating
results, liquidity, or capital resources. Management is not aware of any other
factors that would cause future net loan charge-offs, in total and by loan
category, to significantly differ from those experienced by institutions of
similar size.


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


ALLOWANCE FOR LOAN LOSSES

         In each accounting period, the allowance for loan losses is adjusted by
management to the amount necessary to maintain the allowance at adequate levels.
Through its credit department, management will attempt to allocate specific
portions of the allowance for loan losses based on specifically identifiable
problem loans. Management's evaluation of the allowance is further based on
consideration of actual loss experience, the present and prospective financial
condition of borrowers, industry concentrations within the portfolio and general
economic conditions. Management believes that the present allowance is adequate,
based on the broad range of considerations listed above.

         The primary risk element considered by management with respect to each
installment and residential real estate loan is lack of timely payment.
Management has a reporting system that monitors past due loans and has adopted
policies to pursue its creditor's rights in order to preserve the Bank's
position. The primary risk elements with respect to commercial loans are the
financial condition of the borrower, the sufficiency of collateral, and lack of
timely payment. Management has a policy of requesting and reviewing periodic
financial statements from its commercial loan customers, and periodically
reviews existence of collateral and its value.

         Although management believes that the allowance for loan losses is
adequate to absorb losses as they arise, there can be no assurance that the Bank
will not sustain losses in any given period which could be substantial in
relation to the size of the allowance for loan losses.


RETURN ON EQUITY AND ASSETS

         The following table contains selected ratios:


<TABLE>
<CAPTION>

                                                       Year ended          Period from April 26, 1996 (inception)
                                                   December 31, 1997                to December 31, 1996
                                                   ---------------         --------------------------------

<S>                                                      <C>                              <C>     
         Return on average total assets                   (3.55%)                         (18.50%)
         Return on average equity                        (22.20%)                         (27.62%)
         Dividend payout ratio                               N/A                              N/A
         Average equity to average assets                 16.00%                           66.96%
</TABLE>

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 equity, results
of operations, or liquidity as presented herein.


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

         None

                                      5
<PAGE>   6
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 29
of the Stockholder Report of the Corporation, for the year ended December 31,
1997, (exhibit 13) is incorporated by reference herein.

ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

         The information shown under the caption "Plan of Operation" on page 24
of the Stockholder Report of the Corporation, for the year ended December 31,
1997, (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
Changes in Stockholders' Equity," "Consolidated Statement of Cash Flow," and
"Notes to Consolidated Financial Statements," on pages 1 through 23 of the
Stockholder Report of the Corporation, for the year ended December 31, 1997, as
well as the Independent Auditor's Report of Plante & Moran, LLP, dated January
29, 1998, (both exhibit 13) is incorporated by reference herein.

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

         None


                                      6
<PAGE>   7
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 27, 1998, (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 present positions. 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.

         Name and Position                  Position Held Since         Age
         -----------------                  -------------------         ---

Harold W. Allmacher
   Chairman of the Board and
     Chief Executive Officer                1996 - present              58

Richard J. Miller
   President and Chief Operating Officer    1996 - present              39

Andrew Tassopoulos
   Executive Vice President                 1996 - present              37

Peter J. Przybocki
   Corporate Treasurer                      1996 - present              34

In addition, the executive officers listed above held positions with Old Kent
Bank - Macomb (formerly First National Bank in Macomb County) for substantially
all of the three year period prior to the inception of the Corporation.

ITEM 10.  EXECUTIVE COMPENSATION

         The information detailed in the last two paragraphs under the captions
"Board of Directors Meetings and Committees" on pages 5 and 6, "Report of the
Compensation Committee," on pages 6 and 7, "Summary Compensation Table" and
"Options Granted in 1997" on page 7, and "Aggregated Stock Option Exercises in
1997 and Year End Option Values" on page 8 of the Proxy Statement of the
Corporation dated March 27, 1998, (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 pages 2 and 3 of the Proxy
Statement of the Corporation dated March 27, 1998, (exhibit 20) is incorporated
by reference herein.

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

         The information listed under the caption "Certain Transactions" on page
8 of the Proxy Statement of the Corporation dated March 27, 1998, (exhibit 20)
is incorporated by reference herein.

                                      7
<PAGE>   8





COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB (continued)


                                     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.



                                      8
<PAGE>   9
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 27, 1998:


                             COMMUNITY CENTRAL BANK CORPORATION


                             S/ HAROLD W. ALLMACHER
                             --------------------------------
                             Harold W. Allmacher; Chief Executive Officer
                             (Principal Executive Officer)


                             S/ RICHARD J. MILLER
                             --------------------------------
                             Richard J. Miller; President and
                             Chief Operating Officer


                             S/ PETER J. PRZYBOCKI
                             --------------------------------
                             Peter J. Przybocki, CPA; Corporate Treasurer
                             (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 27, 1998:


S/ HAROLD W. ALLMACHER                      S/ CELESTINA GILES
----------------------------------          --------------------------------
Harold W. Allmacher; Chairman of the Board  Celestina Giles; Director

S/ GEBRAN S. ANTON                          S/ BOBBY L. HILL
----------------------------------          --------------------------------
Gebran S. Anton; Director                   Bobby L. Hill; Director

S/ JOSEPH CATENACCI                         S/ JOSEPH F. JEANNETTE
----------------------------------          --------------------------------
Joseph Catenacci; Director                  Joseph F. Jeannette; Director

S/ RAYMOND M. CONTESTI                      S/ RICHARD J. MILLER
----------------------------------          --------------------------------
Raymond M. Contesti; Director               Richard J. Miller; Director

S/ SALVATORE COTTONE                        S/ DEAN S. PETITPREN
----------------------------------          --------------------------------
Salvatore Cottone; Director                 Dean S. Petitpren; Director

                                            S/ CAROLE L. SCHWARTZ
                                            --------------------------------
                                            Carole L. Schwartz; Director

                                      9

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


                                  EXHIBIT INDEX


           EXHIBIT NO.                               EXHIBIT DESCRIPTION
           -----------                               -------------------

                   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 (Management contract or
                               compensatory plan)

                  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 (Management contract
                               or compensatory plan)

                  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

                  11           Computation of Per Share Earnings

                  13           Independent Auditor's Report dated January 29,
                               1998, and Stockholder Report of the Corporation
                               for the year ended December 31, 1997. 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
                               27, 1998. 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



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