<PAGE>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

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

For the quarterly period ended   March 31, 2002
                                 --------------

                          Commission File No. 000-33373

                       COMMUNITY CENTRAL BANK CORPORATION
                       ----------------------------------
        (Exact name of small business issuer as specified in its charter)

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

          100 North Main Street, PO Box 7, Mount Clemens, MI 48046-0007
          -------------------------------------------------------------
             (Address of principal executive offices and zip code)

                                 (586) 783-4500
                                 --------------
                           (Issuer's telephone number)


Check whether the issuer (1) 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
                                  -----      -----


State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

                  Class                            Outstanding at May 10, 2002
                  -----                            ---------------------------
     Common Stock, $5 stated value                        2,664,922 Shares



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


<PAGE>




                                     PART I


ITEM 1.  FINANCIAL STATEMENTS

The financial statements of Community Central Bank Corporation (the
"Corporation") include the consolidation of its subsidiary; Community Central
Bank (the "Bank"). Community Central Mortgage Company, LLC (the "Mortgage
Company") commenced operations July 9, 2001. The ownership structure of the
Mortgage Company consists of two members, Community Central Bank and Community
Central Bank Corporation owning 99% and 1% of the Mortgage Company,
respectively. The financial statements reflect the consolidation of this Bank
subsidiary.

Following are the Corporation's Consolidated Balance Sheet as of March 31, 2002
and 2001, and December 31, 2001, and Consolidated Statements of Income,
Comprehensive Income, and Cash Flow for the three month periods ended March 31,
2002 and 2001. These unaudited financial statements are for interim periods, and
do not include all disclosures normally provided with annual financial
statements. The interim statements should be read in conjunction with the
financial statements and footnotes contained in the Corporation's Annual Report
on Form 10-KSB for the fiscal year ended December 31, 2001.

In the opinion of management, the interim statements referred to above contain
all adjustments (consisting of normal, recurring items) necessary for a fair
presentation of the financial statements. The results of operations for interim
periods are not necessarily indicative of the results to be expected for the
full year.



                                       2
<PAGE>




CONSOLIDATED BALANCE SHEET
(Unaudited)

<TABLE>
<CAPTION>
                                                  March 31,      December 31,      March 31,
                                                    2002             2001            2001
                                                  ---------       ---------       ---------
Assets                                                         (in thousands)
<S>                                               <C>          <C>              <C>
Cash and due from banks                           $   6,868       $   6,892       $   4,798
Federal funds sold                                   13,800          21,200          34,200
                                                  ---------       ---------       ---------
   Cash and Cash Equivalents                         20,668          28,092          38,998
                                                  ---------       ---------       ---------

Securities available for sale, at fair value         48,276          44,328          22,894
Investment securities, at amortized cost              1,048           1,207           1,582
FHLB stock                                              875             875             446
Residential mortgage loans held for sale                959           5,010              --

Loans
   Residential mortgage loans                        24,332          21,200          27,349
   Commercial loans                                 133,464         128,174         118,965
   Installment loans                                  4,695           4,837           5,364
                                                  ---------       ---------       ---------
   Total Loans                                      162,491         154,211         151,678
Allowance for credit losses                          (3,014)         (2,930)         (2,622)
                                                  ---------       ---------       ---------
   Net Loans                                        159,477         151,281         149,056
                                                  ---------       ---------       ---------

Net property and equipment                            1,801           1,777           1,828
Other real estate owned                                 320              --              --
Accrued interest receivable                           1,199           1,248           1,127
Other assets                                          1,186           1,218           1,055
                                                  ---------       ---------       ---------
   Total Assets                                   $ 235,809       $ 235,036       $ 216,986
                                                  =========       =========       =========
</TABLE>

(continued)



                                       3
<PAGE>




CONSOLIDATED BALANCE SHEET
(Unaudited)

<TABLE>
<CAPTION>
                                                          March 31,      December 31,     March 31,
                                                            2002            2001            2001
                                                          ---------       ---------       ---------
Liabilities                                                    (in thousands, except share data)
<S>                                                       <C>             <C>             <C>
Deposits
   Noninterest bearing demand deposits                    $  28,855       $  27,188       $  17,174
   NOW and money market accounts                             22,621          19,185          15,773
   Savings deposits                                           7,415           7,572           9,556
   Time deposits                                            131,116         138,369         147,731
                                                          ---------       ---------       ---------
   Total deposits                                           190,007         192,314         190,234
                                                          ---------       ---------       ---------

Repurchase agreements                                         6,609           6,739           5,011
Federal Home Loan Bank advances                              16,400          13,400              --
Accrued interest payable                                        475             438             895
Other liabilities                                               195             304             191
Capitalized lease obligation                                    983             993           1,008
ESOP note payable                                               359             371             408
                                                          ---------       ---------       ---------
   Total Liabilities                                        215,028         214,559         197,747
                                                          ---------       ---------       ---------
Stockholders' Equity
   Common stock -- $5 stated value; 9,000,000 shares
     authorized; 2,661,922 shares issued and
     outstanding at 3-31-2002, 12-31-2001 and
     3-31-2001                                               13,309          13,309          13,309
   Additional paid-in capital                                 5,009           5,009           5,016
   Accumulated surplus                                        2,793           2,368           1,140
   Unearned employee benefit                                   (359)           (371)           (408)
   Accumulated other comprehensive income                        29             162             182
                                                          ---------       ---------       ---------
   Total Stockholders' Equity                                20,781          20,477          19,239
                                                          ---------       ---------       ---------
Total Liabilities and Stockholders' Equity                $ 235,809       $ 235,036       $ 216,986
                                                          =========       =========       =========
</TABLE>




                                       4
<PAGE>




CONSOLIDATED STATEMENT OF INCOME
(Unaudited)
<TABLE>
<CAPTION>
                                                       Three Months Ended March 31,
                                                        2002                 2001
                                                       ------               ------
                                                  (in thousands, except per share data)
<S>                                               <C>                   <C>
Interest Income
   Loans (including fees)                              $2,874               $3,456
   Securities                                             561                  357
   Federal funds sold                                     101                  407
                                                       ------               ------
   Total Interest Income                                3,536                4,220
                                                       ------               ------
Interest Expense
   Deposits                                             1,300                2,332
   Repurchase agreements                                   42                   36
   Federal Home Loan Bank advances                        187                   --
   Capitalized lease obligation                            33                   33
   ESOP loan interest expense                               4                    9
                                                       ------               ------
   Total Interest Expense                               1,566                2,410
                                                       ------               ------
   Net Interest Income                                  1,970                1,810
Provision for credit losses                               150                  100
                                                       ------               ------
   Net Interest Income after Provision                  1,820                1,710
                                                       ------               ------
Noninterest Income
   Deposit service charges                                 54                   69
   Net realized security gain                              30                   41
   Mortgage banking income                                468                   --
   Other income                                            69                   63
                                                       ------               ------
   Total Noninterest Income                               621                  173
                                                       ------               ------
Noninterest Expense
   Salaries, benefits, and payroll taxes                  947                  585
   Premises and fixed asset expense                       233                  189
   Other operating expense                                642                  507
                                                       ------               ------
Total Noninterest Expense                               1,822                1,281
                                                       ------               ------
   Income Before Taxes                                    619                  602
Provision for income taxes                                194                  203
                                                       ------               ------
   Net Income                                          $  425               $  399
                                                       ======               ======
</TABLE>

(continued)



                                       5
<PAGE>

CONSOLIDATED STATEMENT OF INCOME
(Unaudited)

<TABLE>
<S>                                                <C>                   <C>
Per share data:
   Basic earnings                                      $ 0.16               $ 0.15

   Diluted earnings                                    $ 0.16               $ 0.15
                                                       ======               ======
   Cash Dividends                                      $  --                $  --
                                                       ======               ======
</TABLE>





                                       6
<PAGE>




CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(Unaudited)
<TABLE>
<CAPTION>
                                                                     Three Months Ended March 31,
                                                                       2002                 2001
                                                                      -----                -----
                                                                            (in thousands)
<S>                                                                  <C>                   <C>
Net Income as Reported                                                $ 425                $ 399

Other Comprehensive Income, Net of Tax
   Change in unrealized gain on securities
     available for sale                                                (133)                 111
                                                                      -----                -----
Comprehensive Income                                                  $ 292                $ 510
                                                                      =====                =====
</TABLE>



                                       7
<PAGE>





CONSOLIDATED STATEMENT OF CASH FLOW
(Unaudited)
<TABLE>
<CAPTION>
                                                                                Three Months Ended March 31,
                                                                               2002                    2001
                                                                             --------                --------
                                                                                     (in thousands)
<S>                                                                          <C>                     <C>
Operating Activities
   Net income                                                                $    425                $    399
   Adjustments to reconcile net income to net cash flow
     from operating activities:
    Net accretion of security discount                                             91                      --
    Net gain on sales and call of securities                                      (30)                    (41)
    Provision for credit losses                                                   150                     100
    Depreciation expense                                                           88                      86
    Deferred income tax                                                            77                     198
    ESOP compensation expense                                                      12                      13
    Decrease in accrued interest receivable                                        49                     120
    (Increase) Decrease in other assets                                          (297)                    (55)
    Decrease (Increase) in accrued interest payable                                37                     (95)
    (Decrease) Increase in other liabilities                                      (75)                     22
    Decrease in loans held for sale                                             4,051                      --
                                                                             --------                --------
   Net Cash Provided by Operating Activities                                    4,578                     747

Investing Activities
   Maturities, calls, sales and prepayments of securities
     available for sale                                                        10,359                   8,553
   Purchase of securities available for sale                                  (14,570)                (12,730)
   Maturities, calls, and prepayments of investment securities                    159                     106
   (Increase) Decrease in loans                                                (8,346)                  4,453
   Purchases of property and equipment                                           (112)                    (41)
                                                                             --------                --------
   Net Cash (Used in) Provided by Investing Activities                        (12,510)                    341

Financing Activities
   Increase (Decrease) in demand and savings deposits                           4,946                  (5,736)
   (Decrease) Increase in time deposits                                        (7,253)                  9,831
   (Decrease) Increase in short term borrowings                                  (130)                    854
   Increase in FHLB advances                                                    3,000                      --
   Repayment of capitalized lease obligation                                      (43)                    (38)
   Payment of ESOP debt                                                           (12)                    (13)
                                                                             --------                --------
   Net Cash Provided by Financing Activities                                      508                   4,898
                                                                             --------                --------
(Decrease) Increase in Cash and Cash Equivalents                               (7,424)                  5,986
Cash and Cash Equivalents at the Beginning
   of the Year                                                                 28,092                  33,012
                                                                             --------                --------
Cash and Cash Equivalents at the End
   of the Period                                                             $ 20,668                $ 38,998
                                                                             ========                ========

Supplemental Disclosure of Cash Flow Information:
   Interest Paid                                                             $  1,603                $  2,505
   Federal Taxes Paid                                                        $    298                $    275
                                                                             ========                ========
</TABLE>



                                       8
<PAGE>




ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following discussion compares the financial condition of the Corporation and
its wholly owned subsidiary, Community Central Bank, at March 31, 2002, December
31, 2001, and March 31, 2001 and the results of operations for three months
ended March 31, 2002 and 2001. This discussion should be read in conjunction
with the financial statements and statistical data presented elsewhere in this
report. This report contains forward-looking statements that are based on
management's beliefs, assumptions, current expectations, estimates and
projections about the financial services industry, the economy, and about the
Corporation and the Bank. Words such as "anticipates," "believes," "estimates,"
"expects," "forecasts," "intends," "is likely," "plans," "projects," variations
of such words and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements are intended to be
covered by the safe-harbor provisions of the Private Securities Litigation
Reform Act of 1995. These statements are not guarantees of future performance
and involve certain risks, uncertainties and assumptions ("Future Factors") that
are difficult to predict with regard to timing, extent, likelihood and degree of
occurrence. Actual results and outcomes may materially differ from what may be
expressed or forecasted in the forward-looking statements. The Corporation
undertakes no obligation to update, amend, or clarify forward looking
statements, whether as a result of new information, future events (whether
anticipated or unanticipated), or otherwise.

Future Factors include changes in interest rate and interest rate relationships;
demand for products and services; the degree of competition by traditional and
non-traditional competitors; changes in banking regulation; changes in tax laws;
changes in prices, levies, and assessments; the impact of technological
advances; governmental and regulatory policy changes; the outcomes of
contingencies; trends in customer behavior as well as their ability to repay
loans; changes in the national and local economy; and other factors, including
risk factors, referred to from time to time in filings made by the Corporation
with the Securities and Exchange Commission. These are representative of the
Future Factors that could cause a difference between an ultimate actual outcome
and a preceding forward-looking statement.


COMMUNITY CENTRAL MORTGAGE COMPANY, LLC

Community Central Mortgage Company, LLC ("Mortgage Company") commenced
operations on July 9, 2001. The Bank contributed its residential real estate
portfolio and home equity lines of credit to the Mortgage Company. The Mortgage
Company originates mortgage loans primarily for sale to the secondary market.
The Mortgage Company has the Bank service the mortgages that it does not sell in
the secondary market. The ownership structure of the Mortgage Company consists
of two members, Community Central Bank and Community Central Bank Corporation,
owning 99% and 1% of the Mortgage Company, respectively.



                                       9
<PAGE>




ASSETS

The Corporation's total assets have increased by $18.8 million, to $235.8
million at March 31, 2002, compared with $217.0 million at March 31, 2001.

The following table shows the amortized cost and estimated fair value of the
Corporation's security portfolio as of the dates indicated. On the balance
sheet, investment securities (i.e., those which the Corporation has the ability
and intent to hold to maturity) are stated at cost, adjusted for amortization of
premium or accretion of discount. Securities available for sale are shown on the
balance sheet at estimated fair value.


<TABLE>
<CAPTION>
                                                   March 31, 2002        December 31, 2001           March 31, 2001
                                               ---------------------    ---------------------     ----------------------
                                               Amortized      Fair      Amortized       Fair      Amortized       Fair
                                                  Cost        Value        Cost         Value        Cost         Value
                                                -------      -------      -------      -------      -------      -------
                                                                             (in thousands)
<S>                                            <C>          <C>        <C>             <C>        <C>           <C>
Securities Available for Sale
   United States Government agencies            $20,535      $20,467      $22,089      $22,171      $ 9,923      $10,158
   Mortgage backed securities                     3,257        3,282        2,440        2,471        2,655        2,676
   Fed Agency / Collateralized mortgage
     obligations                                 18,295       18,395       13,874       14,033        8,827        8,841
   Tax-exempt municipals                          6,144        6,132        5,678        5,653        1,212        1,219
                                                -------      -------      -------      -------      -------      -------
       Total Securities Available for Sale       48,231       48,276       44,081       44,328       22,617       22,894
                                                -------      -------      -------      -------      -------      -------

Investment Securities
   Mortgage backed securities                     1,048        1,078        1,207        1,233        1,516        1,537
   Collateralized mortgage obligations               --           --           --           --           66           66
                                                -------      -------      -------      -------      -------      -------
       Total Investment Securities                1,048        1,078        1,207        1,233        1,582        1,603
                                                -------      -------      -------      -------      -------      -------

       Total Securities                         $49,279      $49,354      $45,288      $45,561      $24,199      $24,497
                                                =======      =======      =======      =======      =======      =======
</TABLE>



                                       10
<PAGE>




Mortgage loans held for sale were $959,000 at March 31, 2002. The mortgages were
generated from the Corporation's mortgage company subsidiary, which started
operations July 9, 2001. Loans closed generally remain in loans held for sale
for less than 30 days in duration. Loans are normally committed for sale before
funding takes place. Commercial loans increased $14.8 million for the twelve
months ending March 31, 2002, while residential mortgage loans decreased by $3.0
million, reflecting increased refinancing activity. Total loans increased by
$8.6 million in aggregate during the three-month period ended March 31, 2002.

The Corporation makes loans to customers primarily in Macomb County, Michigan.
Although the Corporation has a diversified loan portfolio, a substantial portion
of the local economy has traditionally been dependent on the automotive
industry. Additionally, the Corporation had approximately $36.4 million in
outstanding loans at March 31, 2002, to commercial borrowers in the real estate
rental and property management industries.

The following table shows an analysis of the allowance for credit losses:

<TABLE>
<CAPTION>
                                                     Three Months Ended March 31,
                                                       2002                2001
                                                      -------            -------
                                                             (in thousands)
<S>                                                  <C>                <C>
Allowance for credit losses at
   beginning of period                                $ 2,930            $ 2,654

Provision charged to expense                              150                100
Loans charged off                                        (102)              (174)
Loans recovered                                            36                 42
                                                      -------            -------
Allowance for credit losses at end of period          $ 3,014            $ 2,622
                                                      =======            =======
Allowance for credit losses as a percentage
   of portfolio loans at period end                      1.85%              1.73%
</TABLE>

Loans are placed in nonaccrual status when, in the opinion of management,
uncertainty exists as to the ultimate collection of principal and interest. At
March 31, 2002, there was $2,409,000 of loans placed in nonaccrual status.
Commercial loans and lease financing receivables are to be reported as being in
nonaccrual status if: (a) they are maintained on a cash basis because of
deterioration in the financial position of the borrower, (b) payment in full of
interest or principal is not expected, or (c) principal or interest has been in
default for a period of 90 days or more. If it can be documented that the loan
obligation is both well secured and in the process of collection, the loan may
stay on accrual status. However, if the loan is not brought current before 120
days past due, the loan should be reported as nonaccrual. Any exceptions to
automatic nonaccrual status at 90 days must be approved in writing by the Loan
Committee, Credit Administration Officer, and the Chief Financial Officer. A
nonaccrual asset may be restored to an accrual status when none of its principal
or interest is due and unpaid, when it otherwise becomes well secured, and in
the process of collection.

The Corporation considers a loan impaired when it is probable that all interest
and principal will not be collected in accordance with the contractual terms of
the loan agreement. Consistent with this definition, all nonaccrual and
reduced-rate loans (with the exception of residential mortgages and consumer
loans) are considered impaired.



                                       11
<PAGE>




A summary of nonperforming assets is as follows:

<TABLE>
<CAPTION>
                                                   March 31,        March 31,
                                                     2002             2001
                                                    ------           ------
                                                        (in thousands)
<S>                                                 <C>              <C>
Impaired loans:
   Nonaccrual                                       $2,409           $  416
                                                    ------           ------
Total impaired loans                                $2,409           $  416
Other real estate                                      320               --
                                                    ------           ------
Total nonperforming assets                          $2,729           $  416
                                                    ======           ======
Impaired loans as a percentage of
   total loans                                        1.48%            0.27%
                                                    ======           ======
Total nonperforming assets as a percentage
   of total assets                                    1.16%            0.19%
                                                    ======           ======
</TABLE>


A summary of total loans past due 90-days and still accruing interest is as
follows:

<TABLE>
<CAPTION>
                                                      March 31,         March 31,
                                                        2002              2001
                                                       ------            ------
                                                              (in thousands)
<S>                                                  <C>                <C>
Commercial                                              $ --               $ --
Residential real estate                                   --                128
Installment                                               22                 27
                                                        ----               ----
     Total loans past due 90 days or more
       and still accruing interest                      $ 22               $155
                                                        ====               ====
</TABLE>

In each accounting period, management evaluates the problems and potential
losses in the loan portfolio. Consideration is also given to off-balance sheet
items that may involve credit risk, such as commitments to extend credit and
financial guarantees. Management's evaluation of the allowance is further based
on consideration of actual loss experience, the present and prospective
financial condition of borrowers, adequacy of collateral, 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 regarding 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 concerning 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 financial statements from its
commercial loan customers, and periodically reviews existence of collateral and
its value.

Although management believes that the allowance for credit 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 that could be substantial in relation to the
size of the allowance for credit losses. Management is not aware of any factors
that would cause future net loan charge-offs, in total or by loan category, to
differ significantly from those experienced by institutions of similar size.



                                       12
<PAGE>




LIABILITIES

During the three months ended March 31, 2002, total deposits decreased by $2.3
million, to $190.0 million. The decrease in deposits was attributable to a
decrease in jumbo municipal deposits. The Corporation has been utilizing Federal
Home Loan Bank ("FHLB") advances to better match against interest rate risk.

Short term borrowings at March 31 consist of securities sold with an agreement
to repurchase them the following day. Following are details of short term
borrowings for the dates indicated:

<TABLE>
<CAPTION>
                                                               March 31,           March 31,
                                                                 2002                 2001
                                                              -----------         -----------
                                                            (in thousands, except percentages)

<S>                                                        <C>                    <C>
Amount outstanding at end of period                            $ 6,609                $ 5,011
Weighted average interest rate on ending balance                  1.75%                  3.92%


Maximum amount outstanding at any month end
  during the period                                            $11,803                $ 5,011
</TABLE>

FHLB ADVANCES

In June of 2001, the Corporation started to borrow long-term advances from the
FHLB to fund fixed rate instruments and to minimize the interest rate risk
associated with certain fixed rate commercial mortgage loans and investment
securities. These advances are secured under a blanket security agreement by
first mortgage loans and the pledging of certain securities.

FHLB advances outstanding at March 31, 2002 were as follows:

<TABLE>
<CAPTION>
                                                                       March 31, 2002
                                                                       ----------------
                                                               (in thousands, except percentages)
                                                                   Ending       Average rate
                                                                  Balance      at end of period
                                                                  -------      ----------------
<S>                                                             <C>           <C>
         Short-term FHLB advances                                  $1,000            3.15%
         Long-term FHLB advances                                   15,400            4.83%
                                                                  -------           ------
                                                                  $16,400            4.73%
</TABLE>

Long-term advances comprised ten advances with maturities ranging from June 2003
to August 2011.








                                       13
<PAGE>




CAPITAL

Following are selected capital ratios for the Corporation as of the dates
indicated, along with the minimum regulatory requirement for each item. Capital
requirements for bank holding companies are set by the Federal Reserve Board. In
many cases, bank holding companies are expected to operate at capital levels
higher than the minimum requirement.

<TABLE>
<CAPTION>
                                                     March 31,     December 31,     March 31,      Minimum
                                                       2002            2001           2001        Requirement
                                                     --------      ----------      --------       ----------
<S>                                                  <C>           <C>             <C>            <C>
Tier I capital to risk-weighted assets                12.13%          12.14%         12.15%             4%
Total capital to risk-weighted assets                 13.39%          13.40%         13.41%             8%
Primary capital to assets                             10.08%           9.89%          9.87%            5.5%
Total capital to assets                               10.08%           9.89%          9.87%             6%
Tier I capital to quarterly average assets (leverage)  8.60%           8.97%          8.92%             4%
</TABLE>

During the second quarter of 1999, the Corporation established an employee stock
ownership plan ("ESOP"). The ESOP subsequently borrowed $500,000 from an
unrelated bank to finance the purchase of the Corporation's stock. The ESOP loan
has been recorded as if it was long term debt of the Corporation, with a
corresponding reduction in equity. Repayment of the loan will be made solely
from contributions by the Corporation, which has guaranteed the loan.




                                       14
<PAGE>



The following table shows the changes in stockholders' equity for the three
months ended March 31, 2002:

<TABLE>
<CAPTION>
                                             Additional                   Unearned   Accumulated Other
                                Common         Paid-In      Retained      Employee     Comprehensive     Total
                                 Stock         Capital      Earnings      Benefits        Income         Equity
                                --------      --------      --------      --------       --------       --------
<S>                            <C>           <C>           <C>           <C>         <C>                <C>
Balance December 31, 2001       $ 13,309      $  5,009      $  2,368         ($371)      $    162       $ 20,477

Net income                            --            --           425            --             --            425
Release of ESOP shares                --            --            --            12             --             12
Other comprehensive income            --            --            --            --           (133)          (133)
                                --------      --------      --------      --------       --------       --------
Balance March 31, 2002          $ 13,309      $  5,009      $  2,793      ($   359)      $     29       $ 20,781
                                ========      ========      ========      ========       ========       ========
</TABLE>

NET INTEREST INCOME

The following table shows the dollar amount of changes in net interest income
for each major category of interest earning asset and interest bearing
liability, and the amount of change attributable to changes in average balances
(volume) or average rates for the periods shown. Variances that are jointly
attributable to BOTH volume and rate changes have been allocated to the volume
component.

<TABLE>
<CAPTION>
                                                            Three Months Ended
                                                          March 31, 2002 vs. 2001
                                                     -------------------------------------
                                                                   Increase  (Decrease)
                                                                     Due to Changes In
                                                                 -----------------------
                                                     Total         Volume         Rate
                                                                  and Both
                                                    -------      ----------     --------
                                                                (in thousands)
<S>                                                 <C>         <C>            <C>
Earning Assets - Interest Income
   Federal funds sold                                 ($306)         ($24)        ($282)
   Securities                                           204           294           (90)
   Loans                                               (582)          124          (706)
                                                    -------       -------       -------
     Total                                             (684)          394        (1,078)
                                                    -------       -------       -------

Deposits and Borrowed Funds - Interest Expense
   NOW and money market accounts                        (32)           11           (43)
   Savings deposits                                     (51)           (7)          (44)
   Time deposits                                       (949)          (57)         (892)
   Short term borrowings                                193           197            (4)
   Lease and ESOP                                        (5)           (2)           (3)
                                                    -------       -------       -------
     Total                                             (844)          142          (986)
                                                    -------       -------       -------

Net Interest Income                                 $   160       $   252          ($92)
                                                    =======       =======       =======
</TABLE>



                                       15
<PAGE>




For the quarter ended March 31, 2002, net interest income increased by 8.8%, or
$160,000 over the first quarter of 2001. This was due to a higher average volume
of investable earning assets as compared to a year ago. The net interest margin
decreased in the quarter to 3.37%, compared with 3.50% for the first quarter of
2001. Interest rates on individual asset and liability categories were somewhat
lower than in the prior year quarter; however, volume increases in most
categories more than offset the effects of reduced rates.




                                       16
<PAGE>




AVERAGE BALANCE SHEET

The following table shows the Corporation's consolidated average balances of
assets, liabilities, and stockholders' equity; the amount of interest income or
interest expense and the average yield or rate for each major category of
interest earning asset and interest bearing liability, and the net interest
margin, for the three month periods ended March 31, 2002 and 2001. Average loans
are presented net of unearned income, gross of the allowance for credit losses.
Interest on loans includes loan fees. Average securities are based on amortized
cost.


<TABLE>
<CAPTION>
                                                                Three Months Ended March 31,
                                      -----------------------------------       -----------------------------------
                                                     2002                                      2001
                                      ---------    ---------    ---------       ---------    ---------    ---------

                                                                  Average                                   Average
                                                     Interest      Rate                        Interest      Rate
                                        Average      Income/      Earned/         Average      Income/      Earned/
                                        Balance      Expense       Paid           Balance      Expense       Paid
                                      ---------    ---------     ---------      ---------    ---------    ---------
                                                                     (in thousands)
<S>                                   <C>          <C>          <C>            <C>           <C>          <C>
Assets
   Federal funds sold                    $23,689         $101         1.71%      $29,341         $407        5.55%
   Securities                             48,092          561         4.67        22,882          357        6.24
   Loans                                 161,832        2,874         7.10       154,847        3,456        8.93
                                       ---------      -------      -------      --------      -------      ------
Total Earning Assets/
   Total Interest Income                 233,613        3,536         6.05%      207,070        4,220        8.15%
                                       ---------      -------      -------      --------      -------      ------
Cash and due from banks                    6,542                                   5,063
All other assets                           1,025                                   1,482
                                       ---------                                --------
Total Assets                            $241,180                                $213,615
                                       =========                                ========
Liabilities and Equity
   NOW and money market accounts         $20,094           55         1.09%      $16,239           87        2.14%
   Savings deposits                        7,307           20         1.09         9,809           71        2.90
   Time deposits                         137,497        1,225         3.56       143,839        2,174        6.05
   FHLB and repo sweeps                   25,271          229         3.62         3,568           36        3.92
   Capitalized lease obligation and
      ESOP payable                         1,343           37        11.02         1,416           42       12.15
                                       ---------      -------      -------      --------      -------      ------
Total Interest Bearing Liabilities/
   Total Interest Expense                191,512        1,566         3.27%      174,871        2,410        5.51%
                                       ---------      -------      -------      --------      -------      ------
Noninterest bearing demand deposits       28,217                                  18,622
All other liabilities                        630                                   1,085
Stockholders' equity                      20,821                                  19,037
                                       ---------                                --------
Total Liabilities and Equity            $241,180                                $213,615
                                       =========                                ========
Net Interest Income                                    $1,970                                  $1,810
                                                      =======                                 =======
Net Interest Margin (Net Interest
   Income/Total Earning Assets)                                       3.37%                                  3.50%
                                                                   =======                                 ======
</TABLE>



                                       17
<PAGE>




NONINTEREST INCOME

Noninterest income increased by 347.7%, for the first three months of 2002, when
ignoring security gains and nonrecurring items for the first three months of
2002. Mortgage banking income of $468,000 provided the largest sector of growth
in noninterest income. The newly formed Mortgage subsidiary started operations
July 9, 2001. The largest components of noninterest income are mortgage banking
income, service charge fee income and credit card merchant processing fees. The
mortgage banking income consisted of origination fee income received by the
Mortgage Company upon the sale of residential mortgages. The corresponding
compensation expense paid to the originators employed by the Mortgage Company is
recorded as salary, benefits and payroll taxes in the noninterest expense
section of the Consolidated Statement of Income.

In January of 2002, the Corporation sold an "Available for Sale" Federal Agency
debenture of $500,000 par value, recognizing a gain on the sale of this
instrument of $30,000. The instrument had a relatively short duration remaining
and the sale was done to maximize the return of the investment.


NONINTEREST EXPENSE

Noninterest expense increased over the first quarter of 2001 by 42.2%, to $1.8
million in 2002. This was primarily the result of growth of the Corporation, and
the start of the mortgage subsidiary in July 2001. Growth in noninterest expense
was offset by growth in fee income. One segment of salary and benefit growth
corresponds to the Mortgage Company subsidiary and represents the commissions
paid to its mortgage loan originators. The offsetting origination income is
shown under mortgage banking income. Noninterest expense associated with the
mortgage subsidiary comprised $430,000 for the first quarter of 2002. Total
noninterest expense without the mortgage subsidiary, increased 8.7% over the
first quarter 2001.


RECENT ACCOUNTING PRONOUNCEMENTS

In June 1998, Statement of Financial Accounting Standards No. 133, "Accounting
for Derivative Instruments and Hedging Activities" (SFAS 133) was issued. SFAS
133 requires all derivative instruments to be recorded on the balance sheet at
estimated fair value. Changes in the fair value of derivative instruments are to
be recorded each period either in current earnings or other comprehensive
income, depending on whether a derivative is designated part of a hedge
transaction. SFAS 133 was adopted by the Corporation in 2000, and did not have a
material effect on the consolidated financial position or results of operations.
In November 2000, the FASB issued Statement No. 140 "Accounting for Transfers
and Servicing of Financial Assets and Extinguishments of Liabilities" (FASB No.
140). This statement revises the standards for accounting for securitizations
and other transfers of financial assets and collateral and requires certain
disclosures. The impact of FASB No. 140 as of December 31, 2000 was not material
to the consolidated financial statements.


LIQUIDITY AND ASSET/LIABILITY MANAGEMENT

The liquidity of a bank allows it to provide funds to meet loan requests, to
accommodate possible outflows in deposits, and to take advantage of other
investment opportunities. Funding of loan requests, providing for liability
outflows, and managing interest rate margins require continuous analysis to
match the maturities of specific categories of loans and investments with
specific types of deposits and borrowings. Bank liquidity depends upon the mix
of the banking institution's potential sources and uses of funds. For the
Corporation, the major sources of liquidity have been deposit growth, federal
funds sold, loans and securities which mature within one year, and sales of
residential mortgage loans. Additional liquidity is provided by a $5.0 million
unsecured federal funds borrowing facility, and a $30.0 million secured line of
credit with the FHLB. The Corporation's large deposit balances which might
fluctuate in response to interest rate changes are closely monitored. These
deposits consist mainly of jumbo time certificates of deposit.




                                       18
<PAGE>





The Corporation's Asset Liability Management Committee ("ALCO"), which meets at
least quarterly, is responsible for reviewing the interest rate sensitivity
position of the Corporation and establishing policies to monitor and limit
exposure to interest rate risk.

The Corporation currently utilizes two quantitative tools to measure and monitor
interest rate risk: static gap analysis and net interest income simulation
modeling. Each of these interest rate risk measurements has limitations, but
management believes when these tools are evaluated together, they provide a
balanced view of the exposure the Corporation has to interest rate risk.

The following table shows the maturity and repricing distribution of the
Corporation's interest earning assets and interest bearing liabilities as of
March 31, 2002. This table displays the interest rate sensitivity gap (interest
rate sensitive assets less interest rate sensitive liabilities), cumulative
interest rate sensitivity gap, the interest rate sensitivity gap ratio (interest
rate sensitive assets divided by interest rate sensitive liabilities), and the
cumulative interest rate sensitivity gap ratio. Loans are presented net of
unearned income, gross of allowance, while securities are shown at amortized
cost. Assumptions incorporated into the time table include estimates of partial
redemptions on Now, Money Market and savings accounts. Prepayment of loans and
securities are also included at current levels as of March 31, 2002.
Additionally, many variable rate loans have interest rate floors which are
incorporated in this table.


<TABLE>
<CAPTION>
                                               After Three    After One
                                  Within       Months But      Year But         After
                                  Three        Within One       Within          Five
                                  Months          Year        Five Years        Years       Total
                                 --------     -----------     ----------      --------     -------
                                                              (in thousands)
<S>                              <C>          <C>            <C>             <C>           <C>
Interest earning assets:
   Federal funds sold            $ 13,800       $     --       $     --      $     --      $ 13,800
   Securities                       9,413          4,361         24,598        11,782        50,154
   Portfolio loans and
     held for resale               55,774         28,119         67,281        12,276       163,450
                                 --------       --------       --------      --------      --------
     Total                         78,987         32,480         91,879        24,058      $227,404
                                 --------       --------       --------      --------      ========

Interest bearing
  liabilities:
   NOW and money market
     accounts                       2,632          7,940         12,049            --      $ 22,621
   Savings deposits                   593          1,854          4,968            --         7,415
   Jumbo time deposits             55,010         10,529         15,829            --        81,368
   Time deposits < $100,000        23,974          4,102         21,672            --        49,748
   Repurchase agreements            6,609             --             --            --         6,609
   FHLB and repo sweeps                --             --         10,000         6,400        16,400
   Capitalized lease
     obligation and ESOP
     payable                          368             32            258           684         1,342
                                 --------       --------       --------      --------      --------
     Total                         89,186         24,457         64,776         7,084      $185,503
                                 --------       --------       --------      --------      ========


Interest rate sensitivity
  gap                            ($10,199)      $  8,023       $ 27,103      $ 16,974
Cumulative interest rate
   sensitivity gap                               ($2,176)      $ 24,927      $ 41,901
Interest rate sensitivity
   gap ratio                         0.89           1.33           1.42          3.40
Cumulative interest rate
   sensitivity gap ratio                            0.98           1.14          1.23
</TABLE>





                                       19
<PAGE>



The table above indicates the time periods in which interest earning assets and
interest bearing liabilities will mature or may be repriced, generally according
to their contractual terms. However, this table does not necessarily indicate
the impact that general interest rate movements would have on the Corporation's
net interest margin, because the repricing of certain assets and liabilities is
discretionary, and is subject to competitive and other pressures. As a result,
various assets and liabilities indicated as repricing within the same period
may, in fact, reprice at different times and at different rate levels.

At March 31, 2002, the Corporation is considered somewhat "liability sensitive"
in the time interval of the first three months, according to the preceding
table. In an upward rate environment, the Corporation might not be able to
increase prices on interest bearing assets as quickly as increases on rates on
interest bearing liabilities. The Corporation is considered to be evenly matched
at the one year accumulated gap position.

On a quarterly basis, the net interest income simulation model is used to
quantify the effects of hypothetical changes in interest rates on the
Corporation's net interest income over a projected twelve-month period. The
model permits management to evaluate the effects of shifts in the Treasury Yield
curve, upward and downward, on net interest income expected in a stable interest
rate environment.

As of December 31, 2001, the most recent and available analysis, the simulation
model projects net interest income would increase by 6.5% of the base net
interest income, assuming an instantaneous parallel shift downward in the yield
curve by 200 basis points. Conversely, if the yield curve were to increase by
200 basis points, the model projects net interest income would decrease by 5.4%.




                                       20
<PAGE>


                                     PART II

ITEM 1.  LEGAL PROCEEDINGS

As a depository of funds, the Bank is occasionally named as a defendant in
lawsuits (such as garnishment proceedings) involving claims to the ownership of
funds in particular accounts. Such litigation is incidental to the Bank's
business. Management is not aware of any threatened or pending litigation in
which the Corporation or the Bank is likely to experience loss or exposure which
would materially affect the Corporation's capital resources, results of
operations, or liquidity.

ITEM 2.  CHANGES IN SECURITIES.

Not applicable.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.

Not applicable.

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

Not applicable.

ITEM 5.  OTHER INFORMATION.

Not applicable.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

              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 Number 333-04113)
                                    which became effective on 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 Number 333-04113)
                                    which became effective on September 23, 1996

              11                    Computation of Per Share Earnings




                                       21
<PAGE>




                                   SIGNATURES


In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized, on May 10, 2002.


                                    COMMUNITY CENTRAL BANK CORPORATION





                                    By:  S/ DAVID A. WIDLAK
                                         ------------------
                                    David A. Widlak;
                                    Chairman of the Board and CEO
                                    (Principal Executive Officer)




                                    By:  S/ RAY T. COLONIUS
                                         ------------------
                                    Ray T. Colonius;
                                    Treasurer
                                    (Principal Financial and Accounting Officer)






                                       22
<PAGE>





                                  EXHIBIT INDEX

            EXHIBIT
            NUMBER                          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 Number 333-04113)
                                    which became effective on 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 Number 333-04113)
                                    which became effective on September 23, 1996

              11                    Computation of Per Share Earnings