##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-K
 þ
    
    ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934
 For the fiscal year ended December 31, 2008
 Commission File No. 000-33373
 COMMUNITY CENTRAL BANK CORPORATION
  Michigan
    
    38-3291744(State or other jurisdiction of incorporation or organization)
    
    (IRS Employer Identification No.)
 100 N. Main Street, Mount Clemens, Michigan 48043-5605
 (Registrants telephone number, including area code)
  Title of Each Class
    
    Name of Each Exchange on Which RegisteredCommon Stock, no par value
    
    Nasdaq Global Market
  o þ
 o þ
 þ o
 þ
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer   o
(Do not check if a smaller reporting company)
    
    Smaller reporting company þ
 o þ




---



TABLE OF CONTENTS  PART IItem 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Submission of Matters to a Vote of Security HoldersPART IIItem 5. Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity SecuritiesItem 6. Selected Financial DataItem 7. Managements Discussion and Analysis of Financial Condition and Results of OperationsItem 7A. Quantitative and Qualitative Disclosure About Market RiskItem 8. Financial Statements and Supplementary DataItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem 9A(T). Controls and ProceduresItem 9B. Other InformationPART IIIItem 10. Directors, Executive Officers and Corporate GovernanceItem 11. Executive CompensationItem 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13. Certain Relationships and Related Transactions, and Director IndependenceItem 14. Principal Accounting Fees and ServicesPart IVItem 15. Exhibits, Financial Statement SchedulesSIGNATUREEXHIBIT INDEXEX-11EX-13EX-21EX-23EX-31.1EX-31.2EX-32    Table of Contents  
 DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS
  ;
 2




---



##### Table of Contents



PART I
 
 Item 1. Business
      Effect of Government Monetary Policies.
 3




---



##### Table of Contents



Regulation and Supervision.
    Employees.
 Competition.
  4




---



##### Table of Contents



Executive Officers.
 Name and Position
    
    Position Held Since
    
    AgeDavid A. Widlak
President and CEO of Community Central
    
    
    2003
    
    
    
    60Bank Corporation
President and CEO Community Central Bank
    
    
    2007Ray T. Colonius
EVP & Chief Financial Officer of
    
    
    1999
    
    
    
    51Community Central Bank Corporation and
Community Central BankSam A. Locricchio
Executive. Vice President & Sr. Loan Officer of
Community Central Bank
    
    
    2003
    
    
    
    59
 
 Item 1A. Risk Factors
 An investment in our stock involves a number of risks. Before making an investment decision,
you should carefully consider all of the risks described in this document. If any of the risks
discussed in this document occur, our business, financial condition, liquidity and results of
operations could be materially and adversely affected. Additional risks and uncertainties not
presently known to us also may adversely affect our business, financial condition, liquidity and
results of operations.
 Recent negative developments in the financial industry and credit markets may continue to adversely
impact our financial condition and results of operations.
  Recent legislative and regulatory initiatives to address difficult market and economic conditions
may not stabilize the U.S. banking system.
  5




---



##### Table of Contents



Current levels of market volatility are unprecedented and may adversely affect us.
  Continued deterioration of the economy and real estate market in Michigan could hurt our business.
  Our business is subject to various lending risks depending on the nature of the borrowers
business, its cash flow and our collateral.
 Our commercial real estate loans involve higher principal amounts than other loans, and
repayment of these loans may be dependent on factors outside our control or the control of
our borrowers.
 6




---



##### Table of Contents



Repayment of our commercial and industrial loans is often dependent on cash flow of the
borrower, which may be unpredictable, and collateral securing these loans may fluctuate in
value.
 Our construction and land development loans are based upon estimates of costs to
construct and value associated with the completed project.
 Our consumer loans generally have a higher risk of default than our other loans .
 We may elect, or be required, to make further increases in our provisions for loan losses and to
charge off additional loans in the future, which could adversely affect our results of operations.
  7




---



##### Table of Contents



If our allowance for loan losses is not sufficient to cover actual loan losses, or if we are
required to increase our provision for loan losses, our results of operations and financial
condition could be materially adversely affected.
    Changes in economic conditions or interest rates may negatively affect our earnings, capital and
liquidity.
  Our deposit insurance premiums are expected to increase substantially, which will adversely affect
our profits.
   8




---



##### Table of Contents



Our funding sources may prove insufficient to fund our balance sheet activities, replace deposits
at maturity and support our future growth.
     We may elect or be compelled to seek additional capital in the future, but that capital may not be
available when it is needed.
  9




---



##### Table of Contents



We rely heavily on our management and other key personnel, and the loss of any of them may
adversely effect our operations.
  Our future success in dependent on our ability to compete effectively in the highly competitive
banking industry.
  We are subject to extensive regulation which could adversely affect our business.
  We continually encounter technological changes, and we may have fewer resources than our
competitors to continue to invest in technological improvements.
  10




---



##### Table of Contents



Our articles of incorporation and by-laws and Michigan laws contain certain provisions that could
make a takeover more difficult.
   Our ability to pay dividends is limited by law and contract.
  There is a limited trading market for our common stock.
   11




---



##### Table of Contents



Item 1B. Unresolved Staff Comments
  
 Item 2. Properties
  
 Item 3. Legal Proceedings
  
 Item 4. Submission of Matters to a Vote of Security Holders
  
 PART II
 
 Item 5. Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
  
 Item 6. Selected Financial Data
  
 Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations.
  
 Item 7A. Quantitative and Qualitative Disclosure About Market Risk.
  12




---



##### Table of Contents



Item 8. Financial Statements and Supplementary Data
  
 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
  
 Item 9A(T). Controls and Procedures
 Evaluation of Disclosure Controls and Procedures:
  Managements Report on Internal Control Over Financial Reporting
 Internal Control  Integrated Framework
  13




---



##### Table of Contents



Changes in Internal Control Over Financial Reporting:
 
 Item 9B. Other Information
  
 PART III
 
 Item 10. Directors, Executive Officers and Corporate Governance.
 Directors .
 Executive Officers.
 Audit Committee Financial Expert.
 Compliance with Section 16(a) .
 Code of Ethics. www.communitycentralbank.com
 
 Item 11. Executive Compensation.
  
 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
  14




---



##### Table of Contents



Number of securitiesremaining available forNumber of securities to
    
    
    
    
    
    future issuance underbe issued upon
    
    Weighted-average
    
    equity compensationexercise
    
    exercise price of
    
    plans. (excludingof outstanding Option,
    
    outstanding options,
    
    securities reflected inwarrants and rights.
    
    warrants and rights.
    
    column (a)).Plan Category
    
    (a)
    
    (b)
    
    (c)Equity Compensation
plans approved by
security holders
    
    
    303,475
    
    
    $
    7.91
    
    
    
    66,479Equity compensation
plans not approved
by security holders
    
    None
    
    
    None
    
    
    NoneTotal
    
    
    303,475
    
    
    $
    7.91
    
    
    
    66,479
 
 Item 13. Certain Relationships and Related Transactions, and Director Independence.
  
 Item 14. Principal Accounting Fees and Services.
  
 Part IV
 
 Item 15. Exhibits, Financial Statement Schedules
 (a)(1)
    
    Financial Statements. The following financial statements and reports of Independent
Registered Public Accounting Firm of Community Central Bank Corporation are filed as
part of this report:Reports of Independent Registered Public Accounting Firm dated March 30, 2009Consolidated Balance Sheet  December 31, 2008 and 2007Consolidated Statement of Income for each of the three years in the period ended
December 31, 2008Consolidated Statement of Comprehensive Income for each of the three years in
the period ended December 31, 2008Consolidated Statements of Changes in Stockholders Equity for each of the three
years in the period ended December 31, 2008Consolidated Statement of Cash Flow for each of the three years in the period
ended December 31, 2008Notes to Consolidated Financial Statements, the financial statements, the notes
to financial statements, and the report of independent registered public
accounting firm listed above are incorporated by reference in Item 8 of this
report.(a)(2)
    
    Financial Statement SchedulesNot applicable.
 15




---



##### Table of Contents



(a)(3) See Exhibits below
 (b) Exhibits
  3.1
    
    Articles of Incorporation are incorporated by reference to Exhibit 3.1 of the
Corporations Registration Statement on Form SB-2 (SEC File No. 333-04113).3.2
    
    Bylaws, as amended, of the Corporation are incorporated by reference to Exhibit
3 of the Corporations Current Report on Form 8-Kfiled on September 19, 2007 (SEC File
No. 000-33373).4.1
    
    Specimen stock certificate of Community Central Bank Corporation is
incorporated by reference to Exhibit 4.2 of the Corporations Registration Statement on
Form SB-2 (SEC File No. 333-04113).4.2
    
    Certificate of Designation of Community Central Bank Corporation filed on
December 30, 2008 with the State of Michigan designating the preferences, limitations,
voting powers and relative rights of the Series A Preferred Stock, is incorporated by
reference to Exhibit 4.1 of the Corporations Current Report on Form 8-K filed on
January 6, 2009. (SEC File No. 000-33373)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 (SEC File No. 333-04113).10.2
    
    2000 Employee Stock Option Plan is incorporated by reference to Exhibit 10.6 of
the Corporations Annual Report on Form 10-KSB for the year ended December 31, 2000
(SEC File No. 000-33373).10.3
    
    2002 Incentive Plan is incorporated by reference to Exhibit 10.7 of the
Corporations Annual Report on Form 10-KSB for the year ended December 31, 2001 (SEC
File No. 000-33373).10.4
    
    Community Central Bank Supplemental Executive Retirement Plan, as amended, and
Individual Participant Agreements are incorporated by reference to Exhibit 10.6 of the
Corporations Annual Report on Form 10-K for the year ended December 31, 2006 (SEC File
No. 000-33373).10.5
    
    Community Central Bank Death Benefit Plan, as amended, is incorporated by
reference to Exhibit 10.7 of the Corporations Annual Report on Form 10-K for the year
ended December 31, 2006 (SEC File No. 000-33373).10.6
    
    Form of Incentive Stock Option Agreement incorporated by reference to Exhibit
99.1 of the Corporations Current Report on Form 8-K filed on March 25, 2005. (SEC
File No. 000-33373)10.7
    
    Form of Non-qualified Stock Option Agreement incorporated by reference to
Exhibit 99.1 of the Corporations Current Report on Form 8-K filed on January 17, 2006.
(SEC File No. 000-33373)10.8
    
    Summary of Current Director Fee Arrangements is incorporated by reference to
Exhibit 10.10 of the Corporations Annual Report on Form 10-KSB for the year ended
December 31, 2004. (SEC File No. 000-33373)11
    
    Computation of Per Share Earnings13
    
    2008 Stockholder Report (Except for the portions of the 2008 Stockholder Report
that are expressly incorporated by reference in this Annual Report on Form 10-K, the
2008 Stockholder Report of the Corporation shall not be deemed filed as a part hereof.)14
    
    Code of Business Conduct and Ethics is incorporated by reference to Exhibit 14
of the Corporations Form 10-KSB for the year ended December 31, 2003 (SEC File No.
000-33373).21
    
    List of subsidiaries of the Corporation23
    
    Consent of Independent Registered Public Accounting Firm31.1
    
    Rule 13a  14(a) Certification (Chief Executive Officer)31.2
    
    Rule 13a  14(a) Certification (Chief Financial Officer)32
    
    Rule 1350 Certifications
 16




---



##### Table of Contents



SIGNATURE
  COMMUNITY CENTRAL BANK CORPORATION/S/ DAVID A. WIDLAK

David A. Widlak; President and
Chief Executive Officer
(Duly authorized officer)
  /S/ GEBRAN S. ANTON

Gebran S. Anton; Director
    
    /S/ JAMES T. MESTDAGH

James T. Mestdagh; Director/S/ SALVATORE COTTONE

Salvatore Cottone; Director
    
    /S/ DEAN S. PETITPREN

Dean S. Petitpren; Chairman Director/S/ CELESTINA GILES

Celestina Giles; Director
    
    /S/ JOHN W. STROH, III

John W. Stroh, III; Director/S/ JOSEPH F. JEANNETTE

Joseph F. Jeannette; Director
    
    /S/ DAVID A. WIDLAK

David A. Widlak; President and ChiefExecutive Officer and Director

(principal executive officer)/S/ RAY T. COLONIUS

Ray T. Colonius, EVP & CFO

(principal financial
and accounting officer)
 17




---



##### Table of Contents



EXHIBIT NUMBER
    
    EXHIBIT DESCRIPTION11
    
    Computation of Per Share Earnings13
    
    2008 Stockholder Report. Except for the portions of the 2008 Stockholder
Report that are expressly incorporated by reference in this Annual Report on Form 10-K,
the 2008 Stockholder Report of the Corporation shall not be deemed filed as a part
hereof.21
    
    List of subsidiaries of the Corporation23
    
    Consent of Independent Registered Public Accounting Firm31.1
    
    Rule 13a  14(a) Certification (Chief Executive Officer)31.2
    
    Rule 13a  14(a) Certification (Chief Financial Officer)32
    
    Rule 1350 Certification
 18