<PAGE>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 10-Q

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

     For the quarterly period ended September 30, 2007

                          Commission File No. 000-33373

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

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

          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)

Indicate by check mark whether the registrant (1) filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 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
    ---    ---

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, or a non-accelerated filer. See definition of "accelerated
filer" and "large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check
One):

Large accelerated filer       Accelerated filer       Non-accelerated filer  X
                        ---                     ---                         ---

Indicated by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).

Yes     No  X
    ---    ---

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

<TABLE>
<CAPTION>
                Class                        Outstanding at November 9, 2007
                -----                        -------------------------------
<S>                                          <C>
             Common Stock                           3,736,579 Shares
</TABLE>


                                        1

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

                                     PART I

ITEM 1. FINANCIAL STATEMENTS

CONSOLIDATED BALANCE SHEET

<TABLE>
<CAPTION>
                                                    September 30,   December 31,
                                                         2007           2006
                                                     (Unaudited)
                                                    -------------   ------------
                                                           (In thousands)
<S>                                                 <C>             <C>
Assets
Cash and due from banks                               $  9,922        $ 11,026
Federal funds sold                                      16,700          13,700
                                                      --------        --------
   Cash and Cash Equivalents                            26,622          24,726

Trading securities at fair value option                 20,028              --
Securities available for sale, at fair value            65,000          80,916
Securities held to maturity, at amortized cost             984           1,017
FHLB stock                                               4,678           4,540
Residential mortgage loans held for sale                 3,218           3,441

Loans
   Commercial real estate                              250,554         236,399
   Commercial and industrial                            35,676          28,393
   Residential real estate                              59,599          72,517
   Home equity lines of credit                          19,553          17,614
   Consumer loans                                       10,382          11,666
   Credit card loans                                       697             693
                                                      --------        --------
   Total Loans                                         376,461         367,282
Allowance for credit losses                             (4,044)         (3,815)
                                                      --------        --------
   Net Loans                                           372,417         363,467
                                                      --------        --------
Net property and equipment                               8,768           9,225
Accrued interest receivable                              2,782           2,599
Other real estate                                          876             108
Goodwill                                                 1,381           1,381
Intangible assets, net of amortization                     115             145
Cash surrender value of Bank Owned Life insurance       10,385          10,163
Other assets                                             3,988           3,300
                                                      --------        --------
   Total Assets                                       $521,242        $505,028
                                                      ========        ========
</TABLE>

(continued)


                                       2

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                       September 30,   December 31,
                                                            2007           2006
                                                        (Unaudited)
                                                       -------------   ------------
                                                    (In thousands, except share data)
<S>                                                 <C>                <C>
Liabilities
Deposits
   Noninterest bearing demand deposits                   $ 37,919        $ 33,331
   NOW and money market accounts                           70,567          59,339
   Savings deposits                                        15,025          10,569
   Time deposits                                          218,685         252,617
                                                         --------        --------
   Total deposits                                         342,196         355,856
                                                         --------        --------
Repurchase agreements and fed funds purchased              33,932          15,688
Federal Home Loan Bank advances ($11.0 million
   at fair value option at 9-30-2007)                      90,479          83,528
Accrued interest payable                                    1,180           1,257
Other liabilities                                           2,262           1,629
ESOP note payable                                              48              95
Subordinated debentures (at fair value option
   at 9-30-2007)                                           17,196          10,310
                                                         --------        --------
   Total Liabilities                                      487,293         468,363
                                                         --------        --------
Stockholders' Equity
   Common stock -- 9,000,000 shares authorized;
     3,696,886 shares issued and outstanding at
     9-30-2007 and 3,829,758 at 12-31-2006                 31,885          33,220
   Retained earnings                                        3,092           4,303
   Unearned employee benefit                                  (48)            (95)
   Accumulated other comprehensive (loss) income             (980)           (763)
                                                         --------        --------
   Total Stockholders' Equity                              33,949          36,665
                                                         --------        --------
Total Liabilities and Stockholders' Equity               $521,242        $505,028
                                                         ========        ========
</TABLE>


                                       3
<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)

<TABLE>
<CAPTION>
                                                   Three Months Ended   Nine Months Ended
                                                      September 30,       September 30,
                                                   ------------------   -----------------
                                                      2007     2006       2007     2006
                                                     ------   ------    -------   -------
                                                    (In thousands, except per share data)
<S>                                                <C>        <C>       <C>       <C>
Interest Income
   Loans (including fees)                            $7,177   $6,959    $20,914   $19,697
   Taxable securities                                   774      822      2,246     2,402
   Tax exempt securities                                350      335      1,097       934
   Federal funds sold                                   155      105        541       166
                                                     ------   ------    -------   -------
   Total Interest Income                              8,456    8,221     24,798    23,199
                                                     ------   ------    -------   -------
Interest Expense
   Deposits                                           3,607    3,706     10,761     9,681
   Repurchase agreements and fed funds purchased        245      117        638       305
   Federal Home Loan Bank advances                    1,038      995      2,934     2,983
   ESOP loan interest expense                             1        3          5         8
   Subordinated debentures                              315      244      1,268       691
                                                     ------   ------    -------   -------
   Total Interest Expense                             5,206    5,065     15,606    13,668
                                                     ------   ------    -------   -------
   Net Interest Income                                3,250    3,156      9,192     9,531
Provision for credit losses                             775       75      1,000       250
                                                     ------   ------    -------   -------
   Net Interest Income after Provision                2,475    3,081      8,192     9,281
                                                     ------   ------    -------   -------
Noninterest Income
   Fiduciary income                                     124       70        322       202
   Deposit service charges                              105       95        285       265
   Realized gains (losses) on available for sale
      securities                                        (31)      (3)       (44)       (3)
   Change in fair value of assets/liabilities
      carried at fair value under SFAS 159            1,005       --      1,161        --
   Mortgage banking income                              494      810      1,842     2,630
   Other income                                         138      283        832       665
                                                     ------   ------    -------   -------
   Total Noninterest Income                           1,835    1,255      4,398     3,759
                                                     ------   ------    -------   -------
Noninterest Expense
   Salaries, benefits, and payroll taxes              1,981    2,186      6,027     6,357
   Premises and fixed asset expense                     427      473      1,344     1,386
   Other operating expense                            1,077      951      2,980     2,924
                                                     ------   ------    -------   -------
Total Noninterest Expense                             3,485    3,610     10,351    10,667
                                                     ------   ------    -------   -------
   Income Before Taxes                                  825      726      2,239     2,373
Provision for income taxes                              228      116        448       429
                                                     ------   ------    -------   -------
   Net Income                                        $  597   $  610    $ 1,791   $ 1,944
                                                     ======   ======    =======   =======
</TABLE>

(continued)


                                       4

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)

<TABLE>
<S>                   <C>     <C>     <C>     <C>
Per share data*:
   Basic earnings     $0.16   $0.15   $0.46   $0.48
   Diluted earnings   $0.16   $0.15   $0.46   $0.48
                      =====   =====   =====   =====
   Cash Dividends     $0.06   $0.06   $0.18   $0.18
                      =====   =====   =====   =====
</TABLE>

*    Per share data has been retroactively adjusted for 2007 stock dividend.


                                       5

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited)

<TABLE>
<CAPTION>
                                               Three Months Ended   Nine Months Ended
                                                  September 30,       September 30,
                                               ------------------   -----------------
                                                  2007    2006        2007     2006
                                                 ------   ----       ------   ------
                                                           (In thousands)
<S>                                            <C>        <C>       <C>       <C>
Net Income as Reported                           $  597   $610       $1,791   $1,944
Other Comprehensive Income, Net of Tax
   Change in unrealized losses on securities
   Available for sale                               434    (97)        (217)    (225)
                                                 ------   ----       ------   ------
Comprehensive Income                             $1,031   $513       $1,574   $1,719
                                                 ======   ====       ======   ======
</TABLE>


                                       6

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

CONSOLIDATED STATEMENTS OF CASH FLOW
(Unaudited)

<TABLE>
<CAPTION>
                                                             Nine Months Ended
                                                               September 30,
                                                            -------------------
                                                              2007       2006
                                                            --------   --------
                                                               (In thousands)
<S>                                                         <C>        <C>
Operating Activities
   Net income                                               $  1,791   $  1,944
   Adjustments to reconcile net income to net cash flow
      from operating activities:
      Net amortization of security premium                       161        144
      Net gain on sales and call of securities                    44          3
      Net gain on financial instruments at fair value         (1,161)        --
      Provision for credit losses                              1,000        250
      Depreciation expense                                       532        531
      Deferred income tax expense                                272        216
      SFAS 123R option expense                                    22         17
      ESOP compensation expense                                   47         44
      (Increase) decrease in accrued interest receivable        (183)      (496)
      (Increase) decrease in other assets                     (2,118)      (452)
      Increase (decrease) in accrued interest payable            (77)       719
      Increase in other liabilities                              633        375
      Increase in loans held for sale                            223      1,558
                                                            --------   --------
   Net Cash Provided by Operating Activities                   1,186      4,853
Investing Activities
   Maturities, calls, sales and prepayments of securities
      available for sale                                      45,591     13,072
   Purchase of securities available for sale                 (30,338)   (26,347)
   Maturities, calls, sales and prepayment of trading
      securities                                               6,329         --
   Transfer to trading securities                            (26,642)        --
   Maturities, calls, and prepayments of held to maturity
      securities                                                  29         55
   Purchases of held to maturity securities                     (138)      (299)
   Increase in loans                                          (9,950)   (36,072)
   Purchases of property and equipment                           (75)      (877)
   Proceeds from sale of property and equipment                   60         --
                                                            --------   --------
   Net Cash Used in Investing Activities                     (15,134)   (50,468)
Financing Activities
   Net increase in demand and savings deposits                20,272      9,219
   Net (decrease) increase in time deposits                  (33,932)    41,837
   Net increase in borrowings                                 18,243      8,648
   Issuance of subordinated debentures                        18,557         --
   Redemption of subordinated debentures                     (10,310)        --
   FHLB advances                                              23,000     35,700
   Repayment of FHLB advances                                (16,000)   (41,700)
   Payment of ESOP debt                                          (47)       (44)
   Stock option exercise/award                                   131        235
   Cash dividends paid                                          (703)      (687)
   Repurchase of common stock                                 (3,367)      (175)
                                                            --------   --------
   Net Cash Provided (Used) by Financing Activities           15,844     53,033
                                                            --------   --------
Increase in Cash and Cash Equivalents                          1,896      7,418
Cash and Cash Equivalents at the Beginning of the Year        24,726     11,000
                                                            --------   --------
Cash and Cash Equivalents at the End of the Period          $ 26,622   $ 18,418
                                                            ========   ========
Supplemental Disclosure of Cash Flow Information:
   Interest Paid                                            $ 15,683   $ 12,949
   Federal Taxes Paid                                       $    175   $    185
   Transfers from loans to other real estate owned          $    768   $    162
                                                            ========   ========
</TABLE>


                                       7

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

                       COMMUNITY CENTRAL BANK CORPORATION
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

1.   The financial statements of Community Central Bank Corporation (the
     "Corporation") include the consolidation of its direct and indirect
     subsidiaries: Community Central Bank (the "Bank") and Community Central
     Mortgage Company, LLC (the "Mortgage Company").

     The Corporation's Consolidated Balance Sheets are presented as of September
     30, 2007 and December 31, 2006, and Consolidated Statements of Income and
     Comprehensive Income for the nine month periods ended September 30, 2007
     and 2006, and Consolidated Statements of Cash Flow for the nine months
     ended September 30, 2007 and 2006. 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-K for the fiscal year ended December
     31, 2006.

     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.   The accounting and reporting policies of the Corporation conform to
     accounting principles generally accepted in the United States of America
     and general practices within the banking industry. The following describes
     the critical accounting policies, which are employed in the preparation of
     financial statements.

     Allowance for Loan Losses: The allowance for loan losses is maintained at a
     level considered by management to be adequate to absorb losses inherent in
     existing loans and loan commitments. The adequacy of the allowance is based
     on evaluations that take into consideration such factors as prior loss
     experience, changes in the nature and volume of the portfolio, overall
     portfolio quality, loan concentrations, specific impaired or problem loans
     and commitments, current economic conditions that may affect the borrower's
     ability to pay, and other subjective factors. The determination of the
     allowance is also based on regulatory guidance. This guidance includes, but
     is not limited to, generally accepted accounting principles, and guidance
     issued from other regulatory bodies such as the joint policy statement
     issued by the Federal Financial Institutions Examination Council.

3.   On February 13, 2007, Community Central Capital Trust II (Trust II), a
     statutory trust formed by the Corporation for the purpose of issuing trust
     preferred securities, issued $18,000,000 aggregate liquidation amount of
     cumulative trust preferred securities. The Trust II securities bear a fixed
     distribution rate of 6.71% per annum through March 6, 2017, and thereafter
     will bear a floating distribution rate equal to 90-day LIBOR plus 1.65%.
     The Trust II securities are redeemable at the Corporation's option, in
     whole or in part, at par beginning March 6, 2017, and if not sooner
     redeemed, mature on March 6, 2037. The Trust II securities were sold in a
     private transaction exempt from registration under the Securities Act of
     1933, as amended. The gross proceeds of the offering were used to purchase
     junior subordinated debentures from the Corporation totaling $18,557,000.

     On June 29, 2007, the Corporation redeemed $10.0 million of the
     subordinated debentures issued to Community Central Capital Trust I (and as
     a result the Trust I preferred securities).

     The trust preferred securities may constitute up to 25% of tier I capital.
     Any amount in excess of this limit may be included as tier 2 capital. At
     September 30, 2007, $11.1 million of the the trust preferred issuance was
     included in the Corporation's tier 1 capital, with the remaining $6.9
     million included in tier 2 capital.

4.   In December 2004, the Financial Accounting Standards Board issued Statement
     of Financial Accounting Standards No. 123 (revised 2004), Share-based
     Payment, (SFAS 123R), which requires entities to measure the cost of
     employee services received in exchange for an award of equity instruments
     based on the grant-date fair value of the award (with limited exceptions).
     The cost is recognized as an expense over the period during which the
     employee is required to provide service in exchange for the award, which is
     usually the vesting period. As required by SFAS 123R, as with SFAS 123, the
     Corporation is required to estimate the fair value of all stock


                                       8

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

     options on each grant date, using an appropriate valuation approach such as
     the Black-Scholes option pricing model. The provisions of this statement
     were effective for the Corporation beginning January 1, 2006.

     The Corporation did not issue options during the nine months ended
     September 30, 2007 or 2006. The total amount of options outstanding at
     September 30, 2007 was 313,313 shares at a weighted average exercise price
     of $9.03 per share. During the nine months ended September 30, 2007, 15,608
     options were exercised at an exercise price of $6.79 per share. The
     Corporation recognized compensation expense, using the Black Scholes
     option-pricing model, of $7,000 and $22,000 for the third quarter and nine
     months ended September 30, 2007, respectively for the options vesting in
     2007 based on the fair market value of the grant date. The net income and
     earnings per share for the third quarter and nine months ended September
     30, 2006, on a pro forma basis, are disclosed for comparison below.

<TABLE>
<CAPTION>
                                                      Three Months Ended   Nine Months Ended
                                                         September 30,       September 30,
                                                      ------------------   -----------------
                                                         2007    2006        2007     2006
                                                        -----   -----       ------   ------
                                                       (in thousands, except per share data)
<S>                                                   <C>       <C>        <C>       <C>
Net income, as reported                                 $ 597   $ 610       $1,791   $1,944
Add: Stock-based employee compensation expense,
   net of related tax effects, included in reported
   net income                                              (7)     (6)         (22)     (18)
Deduct: Total stock-based employee and director
   compensation expense under fair value based
   methods of awards, net of related tax effects            7       6           22       18
                                                        -----   -----       ------   ------
Pro forma net income                                    $ 597   $ 610       $1,791   $1,944
                                                        =====   =====       ======   ======
Earnings per share
   Basic                                                $0.16   $0.15       $ 0.46   $ 0.48
   Diluted                                              $0.16   $0.15       $ 0.46   $ 0.48
</TABLE>

The fair value of each option grant is estimated on the date of grant using the
Black Scholes option pricing model.

5.   In February 2007, the Financial Accounting Standards Board issued Statement
     of Financial Accounting Standards No. 159 "The Fair Value Option for
     Financial Assets and Financial Liabilities" (SFAS 159).

     The statement provides for an entity to adopt early and elect the fair
     value option for existing eligible items as of the beginning of a fiscal
     year that begins on or before November 15, 2007. The entity must also adopt
     all the requirements under SFAS 157, the Fair Value Measurement. As a
     result of the Corporation's adoptions, certain financial instruments were
     valued at a fair value classification. The adoption of the fair value
     standards had a net positive after tax impact of approximately $150,000 on
     first quarter earnings. The cumulative reduction to opening retained
     earnings from adopting these standards was approximately $420,000.
     Partially offsetting the total net charge to retained earnings was the
     increase in capital from the reversal of other comprehensive income from
     the transfer of the unrealized losses on available for sale securities
     which had an affect of an increase in capital of $295,000. Therefore, the
     total net after tax decrease in stockholder's equity was $125,000 from the
     early adoption of SFAS 159 and concurrent adoption of SFAS 157 as of
     January 1, 2007.

6.   New Accounting Pronouncements: We adopted the provisions of FASB
     Interpretation No. 48, Accounting for Uncertainty in Income Taxes ("FIN
     48"), on January 1, 2007. The adoption of FIN 48 had no affect on the
     financial statements. Should the accrual of any interest or penalties
     relative to unrecognized tax benefits be


                                       9

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

     necessary, or the impact of the new Michigan Business Tax, we will record
     such accruals in our income tax accounts; no such accruals exist as of
     September 30, 2007, nor were deemed necessary.

The following table shows the balance sheet effect of the early adoption of SFAS
159.

<TABLE>
<CAPTION>
                                            Balance Sheet        Net            Balance Sheet
                                             1/1/07 prior     adjustment         1/1/07 after
Description                                  to adoption    upon adoption   after adoption of FVO
-----------                                 -------------   -------------   ---------------------
                                                          (in thousands of dollars)
<S>                                         <C>             <C>             <C>
Securities                                      27,024          (447)               26,577
Federal Home Loan Bank Advances                (16,000)          247               (15,753)
Subordinated Debentures (a)                    (10,055)         (437)              (10,492)
                                               -------          ----               -------
Pretax cumulative effect of SFAS 159                            (637)
Increase in deferred tax asset                                   217
                                                                ----
Cumulative effect of adoption of SFAS 159
   (charged to retained earnings)                                420
                                                                ====
</TABLE>

(a)  The carrying amount includes $255,000 in unamortized deferred issuance
     costs on the subordinated debenture from the issuance of the Community
     Central Capital Trust I. As a result of the early adoption of SFAS 159 the
     difference between the carrying amount and the fair value was removed and
     included in the cumulative effect adjustment above.

Management has elected the fair value option based on the following reasons for
each of the eligible items or group of similar eligible items.

Investment Securities and FHLB Advances:

The election of SFAS 159 and SFAS 157 treatment for existing eligible investment
securities was based on multiple factors which included the desire to utilize
the Federal Home Loan Bank advance portfolio to offset volatility with the
investment portfolio. Approximately $27.0 million of investment securities were
selected for early adoption of SFAS 159 based primarily on the relatively short
overall duration in the selected instruments. The overall effective duration of
the instruments was 1.8 years based on current market interest rates. Many of
the instruments have early call provisions, which based on current interest rate
expectations have a high degree of probability to be called. Some instruments
have been pre-refunded with certainty of maturity expected. The investments
selected are primarily comprised of agency debentures and short callable bank
qualified tax exempt municipal bonds. The selected securities will be
categorized under trading portfolio status. Management believes that it has more
options of balance sheet management under the fair value option, including the
management of volatility caused by the embedded options within these
instruments. The short overall duration of the selected instruments, coupled
with the utilization of FHLB advances as an attempt to hedge the risk, should
mitigate large swings in fair values that will be recorded in the income
statement as part of adoption of SFAS 159 and SFAS 157. Management cannot
predict future interest rates and is reliant on forecasts and models to make
decisions regarding interest rate and fair value risk.

The election of SFAS 159 treatment for the selected FHLB advances was based on
management's choice to provide a natural hedge against the securities selected
under SFAS 159. The FHLB advances were selected for the fair value option based
on the maturity ranges within the FHLB portfolio of advances. All maturities
within 18 months from the early adoption date of January 1, 2007 were selected
regardless of the instruments' interest rates. The selected FHLB advances had a
net unrealized gain position as of January 1, 2007 and March 31, 2007 and were
selected solely as a natural balance sheet hedge for the investment portfolio
elected under SFAS 159. The decrease in the unrealized loss position of the
selected investments and the income recognized under SFAS 159 for the first
three


                                       10

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

months of 2007 was completely offset by a corresponding decrease in unrealized
gains within the selected FHLB advances. In the second quarter of 2007,
management reviewed the selected instruments, the changes in overall market
interest rates, the treasury yield curve and the structure of the embedded call
options of the investments. Management felt that FHLB advances alone would not
accurately hedge the investments. In May 2007, the Corporation acquired an
interest rate swap to better hedge the fair value of the portfolio. The notional
value of the interest rate swap was $18 million for a duration of three years,
which approximated the overall duration of the trading portfolio under SFAS 159.
Under the interest rate swap the bank receives the three month libor rate and
pays a fixed rate of 5.275%, which is the average weighted yield of the hedged
portfolio at the inception of the interest rate swap. Additionally, should
management and the ALCO committee, believe other balance sheet strategies will
better position the Bank and Corporation, other transactions could be considered
including the sale of investments classified under trading status. Management
has no intent to extinguish any FHLB advances as they represent interest rates
which are lower than current equivalent market rates. It is the intent of
management for the foreseeable future to utilize fair value option on selected
investment securities, or like kind dollars on disposal.

Subordinated Debentures:

Management elected the fair value option for both its subordinated debentures.
Management considers the subordinated debentures a critical component for future
growth and wishes to utilize interest rate swaps to hedge the risk of this
longer term liability and critical form of regulatory capital. Under SFAS 159,
hedge accounting has become less complex and therefore available to a community
bank with limited resources. The subordinated debenture for $10.3 million that
was issued in June 2002 and maturing June 2032, callable June 30, 2007, was an
eligible instrument for the early adoption of the fair value option as of
January 1, 2007. The pretax accumulated adjustment from the recognition of fair
value on this instrument was $437,000. The carrying amount of the instrument
included $255,000 in unamortized deferred issuance costs on the subordinated
debenture which is included in the aforementioned pretax adjustment. Management
has elected the fair value option on the subordinated debenture which was issued
on February 13, 2007 for $18.6 million. Additionally, an interest rate swap for
a like kind notional value was secured to reduce any volatility associated with
the recognition of the fair value option under SFAS 159. Under the interest rate
swap the Corporation has agreed to receive a fixed rate of 6.71% and pay Libor
plus 170 basis points. The debenture carries an interest rate fixed for 10 years
at 6.71%, and was originally based on a ten year treasury interest rate swap of
5.06%, plus 165 basis points and was prior to the settlement of the interest
rate swap hedging market fluctuations.

Any reductions in overall carrying costs, aside from changes in fair value,
occurring on any financial asset or liability measured under SFAS 157 and SFAS
159 during the first nine months of 2007 was the result of normal pay downs,
maturities and calls of the various financial instruments. Management has the
intent to utilize the fair value option on selected financial assets and
liabilities on a go forward basis.

The valuations of the instruments measured under Fair Value Measurement SFAS 157
for the first nine months of 2007 were measured under a market approach using
matrix pricing investment for investment securities and the income approach
using observable data for the liabilities reported under the Fair Value Option
SFAS 159. The inputs were observable for the assets and liabilities interest
rate on commonly quoted intervals based on similar assets and liabilities.

In the third quarter the net change in the fair value of financial assets and
liabilities as measured under the fair value option under Statement of Financial
Accounting Standards (SFAS) 159, totaled $1.0 million on a pretax basis or
$663,000 after tax. This increase was primarily attributable to a net unrealized
increase in fair value on the Corporation's subordinated debenture which was
issued for $18 million in February of this year and was an instrument chosen for
this accounting treatment as part of the early adoption of this accounting
standard. The dramatic widening market credit spreads experienced in the third
quarter for trust preferred security issuances in the marketplace increased the
relative fair value of this financial liability. The Corporation hedges and
protects itself from changes in interest rates with an off balance sheet
interest rate swap also accounted for under SFAS 159. The hedge does not cover
changes in credit spreads which typically occur over longer time periods.
Changes in market conditions are not predictable and changes in credit spreads
will cause changes in the fair value of this instrument and a possible loss in
income.


                                       11

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

The table below contains the fair value measurement at September 30, 2007 using
the identified valuations. Additionally, the changes in fair value for the nine
month period ended September 30, 2007 for items measured at fair value pursuant
to election of the fair value option.

<TABLE>
<CAPTION>
                                                                                         Changes in fair value for
                                                                                             nine months ended
                                                                                        September 30, 2007 measured
                                                                                         At fair value pursuant to
                                                         Fair Value Measurement at       Election of the fair value
                                                            September 30, 2007                     Option
                                                     --------------------------------   ---------------------------
                                                       Fair Value   Significant Other      Other Gains or Losses
                                                     Measurements   Observable Inputs      in noninterest income
Description                                           09/30/2007        (Level 2)              pretax income
-----------                                          ------------   -----------------   ---------------------------
                                                                       (in thousands of dollars)
<S>                                                  <C>            <C>                 <C>
Trading Securities                                      20,028           20,028                      125
Interest rate swap hedging securities                     (201)            (201)                    (201)
Federal Home Loan Bank Advances                         10,951           10,951                     (199)
Subordinated Debentures                                 17,196           17,196                    1,361
Interest rate swap hedging subordinated debentures        (108)            (108)                    (108)
Redeemed subordinated debentures                            --              --                       183
                                                        ------           ------                    -----
                                                                                                   1,161
                                                                                                   =====
</TABLE>

Interest income and interest expense of the respective financial instruments
have been recorded in the consolidated statement of income based on the category
of financial instrument.

The Corporation is not aware of any discernable change in instrument specific
credit risk with no change reflected in earnings related to such risk.


                                       12
<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

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 subsidiaries at September 30, 2007 and December 31, 2006 and
the results of operations for the three and nine months ended September 30, 2007
and 2006. 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 that could cause actual results to differ materially from the
results anticipated or projected include, but are not limited to, the following:
expected cost savings and synergies from our acquisition activities might not be
realized within the expected time frames, and costs or difficulties related to
integration matters might be greater than expected; expenses associated with the
implementation of our trust and wealth management services might be greater than
expected, whether due to a possible need to hire more employees than anticipated
or other costs incurred in excess of budgeted amounts; the credit risks of
lending activities, including changes in the level and direction of loan
delinquencies and write-offs and changes in estimates of the adequacy of the
allowance for loan losses; competitive pressures among depository institutions;
interest rate movements and their impact on customer behavior and net interest
margin; the impact of repricing and competitor's pricing initiatives on loan and
deposit products; the ability to adapt successfully to technological changes to
meet customers' needs and development in the market place; our ability to access
cost-effective funding; changes in financial markets; changes in economic
conditions in general and particularly as related to the automotive and related
industries in the Detroit metropolitan area; new legislation or regulatory
changes, including but not limited to changes in federal and/or state tax laws
or interpretations thereof by taxing authorities; changes in accounting
principles, policies or guidelines; and our future acquisitions of other
depository institutions or lines of business.

EXECUTIVE SUMMARY

Community Central Bank Corporation is the holding company for Community Central
Bank (the "Bank") in Mount Clemens, Michigan. The Bank opened for business in
October 1996 and serves businesses and consumers across Macomb, Oakland, St.
Clair and Wayne counties with a full range of lending, deposit, trust, wealth
management, and Internet banking services. The Bank operates three full service
facilities, in Mount Clemens, Rochester Hills and Grosse Pointe, Michigan.
Community Central Mortgage Company, LLC, a subsidiary of the Corporation and
Bank, operates locations servicing the Detroit metropolitan area, and northwest
Indiana. River Place Trust and Community Central Wealth Management are divisions
of Community Central Bank. Community Central Insurance Agency, LLC is a wholly
owned subsidiary of Community Central Bank. The Corporation's common shares
trade on The NASDAQ Global Market under the symbol "CCBD."

Our results of operations depend largely on net interest income. Net interest
income is the difference in interest income the Corporation earns on
interest-earning assets, which comprise primarily commercial and residential
real estate loans, and to a lesser extent commercial business and consumer
loans, and the interest the Corporation pays on our interest-bearing
liabilities, which are primarily deposits and borrowings. Management strives to
match the repricing characteristics of the interest earning assets and interest
bearing liabilities to protect net interest income from changes in market
interest rates and changes in the shape of the yield curve.

The results of our operations may also be affected by local and general economic
conditions. The largest geographic segment of our customer base is in Macomb
County, Michigan. The economic base of the County continues to diversify from
the automotive service sector although the impact of the restructuring of the
American automobile companies has a direct impact on southeastern Michigan. A
slowdown in the local and statewide economy has


                                       13

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

produced increased financial strain on segments of the Bank's customer base. The
Bank has experienced increased delinquency levels in its loan portfolio which
has been more pronounced in the residential real estate portfolio and home
equity loans. Further downturns in the local economy may affect the demand for
commercial loans and related small to medium business related products. This
could have a significant impact on how the Corporation deploys earning assets.
The competitive environment among other financial institutions and financial
service providers and the Bank in the Macomb, Oakland, Wayne and St. Clair
counties of Michigan may affect the pricing levels of various deposit products.
The impact of competitive rates on deposit products may increase the relative
cost of funds for the Corporation and thus negatively impact net interest
income.

The Corporation continues to see competitive deposit rates offered from local
financial institutions within the geographic proximity of the Bank which could
have the effect of increasing the costs of funds to a level higher than
management projects. The Corporation continues to utilize wholesale forms of
funding earning assets through the FHLB and brokered certificates of deposit to
balance both interest rate risk and the overall cost of funds. Brokered and
internet certificates of deposit are based on a nationwide interest rate
structure, typically at what is considered to be a premium interest rate. The
local competition for certificates of deposit products has intensified and the
Bank has found this type of wholesale funding to often effectively compete with
the rates offered for similar term retail certificates of deposit products of
local community and regional banks.

The Corporation has continued the strategy to diversify revenue from credit
related sources through the growth in the Trust and Wealth Management division,
which ended the quarter at $172 million in assets under management, up 9.8% from
the prior year. The Corporation continues to build this component of the revenue
base. Fiduciary income increased 77.1%, coupled with fees and commission income
from wealth management which increased 371.4%, totaled $190,000 for the third
quarter of 2007, compared with $84,000 the third quarter last year.

In the third quarter we made a provision for loan losses totaling $775,000,
which was an increase of $700,000 from the third quarter last year. The increase
was due in part to the declines in real estate collateral values and
management's review of risks inherent in the loan portfolio. Nonperforming
assets, including other real estate owned, have remained relatively stable,
ending the quarter at 1.05% of total assets and just below last quarter's 1.06%.
This was a slight increase compared to 0.96% at December 31, 2006. The
Corporation continues to carefully monitor the loan portfolio in the difficult
economic environment that has produced a depressed real estate market in the
region. Net income was positively affected by the changes in fair value on
certain financial instruments accounted for under the fair value option
Statement of Accounting Standards 159 (SFAS 159). This change had a significant
impact on our profit for the quarter and offset the higher loan loss provision.

Total loans increased $9.2 million or 2.5% from the beginning of the year. The
slower growth was reflective of a change in loan mix, which is consistent with
our strategic plan. Total commercial loans increased $21.4 million during the
first nine month of 2007, with residential and other retail portfolios
decreasing by $12.2 million through runoff and sales. The Corporation continues
to focus on generation of core deposits. Noninterest bearing demand deposits
increased $4.6 million or 13.8% compared to December 31, 2006, with much of the
growth attributable to the Grosse Pointe Farms branch which opened in June of
2006. Total deposits of $342.2 million decreased $13.7 million during the first
nine months of 2007. The decrease was substantially due to a $29.6 million
decrease in jumbo time deposits. The decrease in jumbo time deposits was due to
maturities of higher cost municipal and brokered deposits. Partially offsetting
the decrease in jumbo time deposits was an increase of other deposits of $15.9
million representing noninterest bearing demand, money market and savings
accounts.

In early June of 2006, the Bank opened a full service branch located in Grosse
Pointe Farms, Michigan. Grosse Pointe Farms, Michigan is an upscale, suburban
community on the shores of Lake St. Clair in southeastern Michigan. The Bank has
appointed a regional President for the Grosse Pointe region who is a veteran
banker who has ties to the local community. The branch facility is staffed with
a branch manager and customer service representatives, as well as a commercial
loan officer. The upscale demographics of the surrounding area appear to be well
suited for establishing new relationships for trust and wealth management.


                                       14

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

ASSETS

At September 30, 2007, the Corporation's total assets were $521.2 million which
was an increase of $16. 2 million, or 3.2% from December 31, 2006. Total loans
of $376.5 million increased $9.2 million, or 2.5% for the first nine months of
2007. Increases in commercial real estate loans, commercial and industrial loans
and home equity loans of $14.2 million, $7.2 million and $1.9 million,
respectively, were offset by decreases in the residential mortgage portfolio of
$12.9 million and the consumer portfolio of $1.3 million. The changes coincide
with the Corporation's strategic plan to change the relative loan mix by
reducing the portion of lower yielding residential mortgages and increasing the
relative mix of higher yielding commercial loans. Additionally, management
wishes to reduce those loan portfolios it believes are currently more sensitive
to local economic conditions, and thereby avoid possible credit quality issues
related to the portfolios. At September 30, 2007, the largest component of the
total loan portfolio was commercial real estate which was $250.6 million, or
66.5% of the total loan portfolio. At September 30, 2007, commercial and
industrial loans were $35.7 million, or 9.5% of the total loan portfolio. The
residential mortgage portfolio was $59.6 million, or 15.8% of the total
portfolio.

Most of the residential mortgage portfolio comprises adjustable rate mortgages,
which represented $42.0 million, or 70.5%, of the total residential portfolio.
Those residential mortgage loans the Corporation considered to be held for
investment in the residential portfolio comprise both banking relationships and
other attributes deemed to match with the Corporation's interest rate risk
profile. Home equity lines of credit ("HELOC") totaled $19.6 million at
September 30, 2007, an increase of $1.9 million from December 31, 2006. This
portfolio product is tied to the Wall Street Journal prime interest rate. These
loans are fully secured by real estate and are generally originated with loan to
value ratios (including prior liens) up to 95% of the appraised value of the
real estate. The consumer portfolio ended September 30, 2007 at $10.4 million, a
decrease of $1.3 million, primarily from pay downs in the portfolio. The largest
portion of the consumer loan portfolio comprises loans for marine craft. The
Corporation's geographic proximity to Lake St. Clair and the lending experience
in this area have been contributors to this segment of the portfolio. In 2005,
the Corporation offered less competitive interest rates on marine craft loans to
reduce exposure in the area. This change contributed to the decline in the
overall consumer portfolio. At September 30, 2007, loans for marine craft
comprised approximately $8.9 million, or 85.6% of the consumer portfolio and
2.4% of total loans. Credit card loans totaled $697,000 at September 30, 2007.
The Corporation continues to book credit card loans as a customer accommodation
and does not actively market this product.

Additionally, the Corporation had approximately $84.4 million in outstanding
loans at September 30, 2007, to borrowers in the real estate rental and
properties management industries, representing approximately 33.7% of the total
commercial real estate portfolio. At September 30, 2007, this particular
concentration of loans had no individual loans classified in nonaccrual status.

The major components of the loan portfolio for loans held for sale and loans in
the portfolio are as follows:

<TABLE>
<CAPTION>
                               September 30,      Percentage     December 31,     Percentage        Net        Net
                                    2007        of total loans       2006       of total loans     Change    Change %
                               -------------   ---------------   ------------   --------------   ---------   --------
                                                         (in thousands, except percentages)
<S>                            <C>             <C>               <C>            <C>              <C>         <C>
Loans held for sale:
   Residential real estate        $  3,218                         $  3,441                         ($223)     (6.5%)
                                  ========        ========         ========         =====        ========     =====
Loans held in the portfolio:
   Commercial real estate         $250,554            66.5%        $236,399          64.4%       $ 14,155       6.0%
   Commercial and industrial        35,676             9.5           28,393           7.7           7,283      25.7
   Residential real estate          59,599            15.8           72,517          19.7         (12,918)    (17.8)
   Home equity lines                19,553             5.2           17,614           4.8           1,939      11.0
   Consumer loans                   10,382             2.8           11,666           3.2          (1,284)    (11.0)
   Credit cards                        697             0.2              693           0.2               4       0.6
                                  --------        --------         --------         -----        --------     -----
                                  $376,461           100.0%        $367,282         100.0%       $  9,179       2.5%
                                  ========        ========         ========         =====        ========     =====
</TABLE>


                                       15

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

Total securities available for sale decreased $15.9 million from December 31,
2006 to $65.0 million at September 30, 2007. The decrease was partially
attributable to the adoption of Financial Accounting Standards Fair Value Option
SFAS 159. The Corporation reclassified a total of $27.0 million of available for
sale securities as trading securities in the first quarter of 2007 under SFAS
159 and the classification of trading portfolio. This represented $20.0 million
as of September 30, 2007. This decrease in the available for sale portfolio was
partially offset by the addition of mortgage backed securities from the
securitization of $8.2 million in mortgages comprising 15 year fixed rate loans.
The average effective duration of the trading portfolio as of September 30, 2007
was approximately 2.13 years and an average life of 2.36 years, with a weighted
average coupon rate of 4.99%. Management decided to classify the securities
under SFAS 159 because of the characteristics of the instruments, which included
the optionality and the ability of the Corporation to hedge the instruments
utilizing above market value Federal Home Loan Bank advances. Furthermore, in
adopting SFAS 159, the Corporation will be able to, in the future, utilize the
fair value option on off balance sheet hedges and account for the hedges in a
manner which is less complex than was previously available under GAAP. Other
reasons influencing management's decision to classify the selected instruments
under SFAS 159 include overall ALCO strategies and the shape of the treasury
yield curve and management expectations on short term interest rates. The
trading portfolio is primarily comprised of $16.3 million of U.S. Agency
debentures with an effective duration of 2.0 years and $3.7 million in
collateralized mortgage obligations (CMOs) and mortgage backed securities (MBS)
with an effective duration of 2.7 years. All of the CMOs held in the trading
portfolio pass the FFIEC stress test with relatively short average lives under
differing rate scenarios. During the third quarter, the Corporation sold the
municipal bond portfolio segment of this portfolio to reduce its exposure to
alternative minimum tax considerations.

In May 2007, the Corporation acquired an interest rate swap to better hedge the
fair value of the portfolio. The notional value of the interest rate swap was
$18 million for a duration of three years, which approximated the overall
duration of the trading portfolio under SFAS 159. Under the interest rate swap
the bank receives the three month libor rate and pays a fixed rate of 5.275%,
which is the average weighted yield of the hedged portfolio at the inception of
the interest rate swap. The interest rate swap is accounted for under the Fair
Value Option for Financial Assets and Liabilities (SFAS 159) and therefore no
formal hedge accounting under SFAS 133 is applicable. The Corporation is
currently reviewing the structure of the hedge and is considering restructuring
a portion of the trading portfolio to better provide protection in a falling
short term rate environment and provide protection to a lesser extent in a
rising rate environment.

At September 30, 2007, the available for sale portfolio had net unrealized
losses of $1.5 million or approximately 2.2% of the aggregate portfolio. At
December 31, 2006, the net unrealized losses in the available for sale portfolio
was $1.2 million. As of September 30, 2007, the available for sale portfolio
comprised $3.6 million in US agency debentures, $29.2 million in bank qualified
tax exempt municipal bonds, $31.7 million in US agency mortgage backed
securities, including collateralized mortgage obligations and $483,000 in a CRA
fund invested in mortgage backed obligations. The Corporation has the intent and
ability to hold the securities classified under available for sale for the
foreseeable future and declines in the fair value is primarily due to increased
market interest rates.


                                       16

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

A summary of nonperforming assets is as follows:

<TABLE>
<CAPTION>
                                                    September 30,   December 31,
                                                        2007            2006
                                                    -------------   ------------
                                                       (Dollars in thousands)
<S>                                                 <C>             <C>
Nonaccrual loans:
   Commercial real estate                              $3,244          $2,711
   Commercial and industrial                              121             646
   Residential real estate                                642              --
   Home equity lines                                      132              --
   Consumer loans                                         255              --
   Credit cards                                            --              --
                                                       ------          ------
Total nonaccrual loans                                  4,394           3,357
Accruing loans delinquent more than 90 days:
   Commercial real estate                              $   --          $   --
   Commercial and industrial                               --              --
   Residential real estate                                 55             876
   Home equity lines                                       21             336
   Consumer loans                                         145             160
   Credit cards                                            --               1
                                                       ------          ------
Total accruing loans delinquent more than 90 days         221           1,373
                                                       ------          ------
Total nonperforming loans                               4,615           4,730
Other real estate owned
   Commercial real estate                                 319              --
   Residential real estate                                557             108
                                                       ------          ------
Total other real estate owned                             876             108
                                                       ------          ------
Total nonperforming assets                             $5,491          $4,838
                                                       ======          ======
Total nonperforming loans as a
   percentage of total loans                             1.23%          1.29%
                                                       ======          ======
Total nonperforming assets as a percentage
   of total assets                                       1.05%          0.96%
                                                       ======          ======
</TABLE>

At September 30, 2007, nonperforming loans, which represents nonaccruing loans
and those loans past due 90 days or more and still accruing interest, totaled
$4.6 million compared to $4.7 million at December 31, 2006, a decrease of
$115,000. Nonaccruing loans of $4.4 million increased $1.0 million from December
31, 2006. The increase in nonaccrual loans was partially attributable to the
movement of loans previously classified as accruing loans delinquent more than
90 days to nonaccrual loans in the loan categories of residential mortgages
comprising $642,000, home equity lines of credit totaling $132,000 and other
consumer loans of $255,000. These consumer based loans were placed into
nonaccrual status based on regular evaluations of delinquent loans. A
determination was made of the collectability based on the borrower's ability to
repay and real estate values, which have been declining in the Bank's geographic
lending area as well as other collateral determinations.


                                       17

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

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

<TABLE>
<CAPTION>
                                                       Nine Months Ended    Year Ended
                                                         September 30,     December 31,
                                                             2007               2006
                                                       -----------------   ------------
                                                            (Dollars in thousands)
<S>                                                    <C>                 <C>
Balance as beginning of the period                          $3,815            $3,580
Charge-offs:
   Commercial real estate                                      201                --
   Commercial and industrial                                   110               248
   Residential real estate                                     106                21
   Home equity lines                                           131                21
   Consumer loans                                              241                40
   Credit cards                                                 27                13
                                                            ------            ------
Total charge-offs                                             $816              $343
                                                            ------            ------
Recoveries:
   Commercial real estate                                       --                --
   Commercial and industrial                                     8                14
   Residential real estate                                      --                 8
   Home equity lines                                            --                --
   Consumer loans                                               33                 5
   Credit cards                                                  4                 1
                                                            ------            ------
Total recoveries                                               $45               $28
                                                            ------            ------
Net charge-offs (recoveries)                                   771               315
                                                            ------            ------
Provision charged to earnings                                1,000               550
                                                            ------            ------
Balance at end of the period                                $4,044            $3,815
                                                            ======            ======
Net charge-offs during the period to
   to average loans outstanding during the period on
   an annualized basis                                        0.28%             0.09%
Allowance as a percentage of total portfolio loans            1.07%             1.04%
</TABLE>

The allowance for loan losses as a percentage of total loans remained relatively
unchanged at September 30, 2007, compared to December 31, 2006. The Corporation
performs a detailed quarterly review of the allowance for loan losses. The
Corporation evaluates those loans classified as substandard, under its internal
risk rating system, on an individual basis for impairment under SFAS 114. The
level and allocation of the allowance is determined primarily on management's
evaluation of collateral value, less the cost of disposal, for loans reviewed in
this category. The remainder of the total loan portfolio is segmented into
homogeneous loan pools with similar risk characteristics for evaluation under
SFAS 5. The primary risk element considered by management regarding each
consumer 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 and industrial loans and commercial
real estate 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 annual financial statements from its commercial loan customers and
periodically reviews existence of collateral and its value. The increased
provision for the nine months ended September 30, 2007, over the full year 2006
was due in part to estimated declines in real estate collateral values and is
based upon management's review of the risks inherent in the loan portfolio and
the level of our allowance for loan losses.


                                       18
<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

LIABILITIES

Total deposits of $342.2 million decreased $13.7 million during the first nine
months of 2007. The decrease was substantially due to a $29.6 million decrease
in time deposits $100,000 and over. The decrease in time deposits was due to
maturities of higher cost municipal time deposits and brokered time deposits.
Partially offsetting the decrease in time deposits was an increase of $20.3
million from December 31, 2006, in deposits, representing checking, NOW, money
market and savings accounts. Noninterest bearing demand deposits increased $4.6
million for the first nine months of 2007 primarily due to increased growth from
the Grosse Pointe branch. NOW accounts decreased $1.3 million during the same
time period from seasonal fluctuations. Money market savings deposits totaled
$57.8 million and increased $12.6 million. The growth in money market accounts
was attributable to a new indexed money market product with a competitive
interest rate tied to the six month Treasury bill. Total savings accounts
increased $4.4 million due to short term deposit needs of the customer. Total
time deposits under $100,000 decreased $4.3 million. The competitive rate
environment amongst local financial institutions has made the Corporation decide
in some cases not to raise the interest rate on the deposit product at the same
frequency or level to match or exceed interest rates given by other local
financial institutions. The Corporation continues to see competitive deposit
rates offered by local financial institutions within the geographic proximity of
the Bank, which could have the affect of increasing the cost of funds to a level
higher than management projects. The Corporation continues to utilize wholesale
forms of funding earning assets through the Federal Home Loan Bank and brokered
CDs to balance both interest rate risk and the overall cost of funds. Brokered
and internet CDs are based on nationwide interest rate structure, typically at
what is considered to be a premium interest rate. The local competition for CD
products has intensified and the Bank has found this type of whole funding to
often effectively compete with the rates offered for similar term retail CD
products of local community and regional banks.

The major components of deposits are as follows:

<TABLE>
<CAPTION>
                               September 30,       Percentage      December 31,       Percentage         Net        Net
                                    2007       of total deposits        2006      of total deposits    Change    Change %
                               -------------   -----------------   ------------   -----------------   --------   --------
                                                                 (Dollars in Thousands)
<S>                            <C>             <C>                 <C>            <C>                 <C>        <C>
Noninterest bearing demand        $ 37,919            11.1%          $ 33,331             9.4%        $  4,588     13.8%
NOW accounts                        12,731             3.7             14,084             3.9           (1,353)    (9.6)
Money market accounts               57,836            16.9             45,255            12.7           12,581     27.8
Savings deposits                    15,025             4.4             10,569             3.0            4,456     42.2
Time deposits under $100,000        41,322            12.1             45,608            12.8           (4,286)    (9.4)
Time deposits $100,000 and
   over                            177,363            51.8            207,009            58.2          (29,646)   (14.3)
                                  --------          ------           --------           -----         --------    -----
Total deposits                     342,196          100.00%           355,856           100.0%         (13,660)    (3.8%)
                                  ========          ======           ========           =====         ========    =====
</TABLE>


                                       19

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

Short term borrowings at September 30, 2007 consisted of short term FHLB
advances of $15.0 million and securities sold with an agreement to repurchase
them the following day of $14.9 million. Following are details of our short term
borrowings for the dates indicated:

<TABLE>
<CAPTION>
                                                   September 30,   December 31,
                                                        2007           2006
                                                   -------------   ------------
                                                      (Dollars in thousands)
<S>                                                <C>             <C>
Amount outstanding at end of period
   Short-term repurchase agreements                   $14,932        $15,688
   Short-term FHLB advances                           $14,951        $14,000

Weighted average interest rate on ending balance
   Short-term repurchase agreements                      3.15%          3.15%
   Short-term FHLB advances                              4.29%          3.92%

Maximum amount outstanding at any month end
   during the period
   Short-term repurchase agreements                   $14,932        $21,832
   Short-term FHLB advances                           $21,000        $26,700
</TABLE>

During the first quarter of 2007, the Corporation borrowed $19 million in a
wholesale structured repurchase agreement with an interest rate tied to the
three month Libor rate, less 250 basis points adjusted quarterly, until March 3,
2008 when the borrowing changes to a fixed interest rate of 4.95% until March 2,
2017. The repurchase agreement is callable quarterly after March 2, 2008.

In June 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 mortgage instruments and investment securities. These
advances are secured under a blanket security agreement by first mortgage loans
and the pledging of certain securities. Long-term advances comprised 29 advances
with maturities from July 2008 to June 2016.

FHLB advances outstanding at September 30, 2007 were as follows:

<TABLE>
<CAPTION>
                              Fair Value      Face Value       Average rate
                           at end of period  of obligation   at end of period
                           ----------------  -------------   ----------------
                                         (Dollars in thousands)
<S>                        <C>               <C>             <C>
Short-term FHLB advances        $14,951         $15,000            4.29%
Long-term FHLB advances          75,528          75,528            4.74%
                                -------         -------            ----
                                $90,479         $90,528            4.66%
</TABLE>

The Corporation has elected early adoption of SFAS 159 for all FHLB advances
maturing in 18 months from January 1, 2007, which represented $11 million in
total. At September 30, 2007, the fair value of the selected advances was $11.0
million. The overall weighted yield of these FHLB advances was 3.71% at
September 30, 2007. Management believes that the selected instruments will
partially serve as a hedge for those securities recorded as trading from the
transfer from available for sale under SFAS 159.


                                       20

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

LIQUIDITY AND CAPITAL RESOURCES

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 possible
deposit outflows, and managing interest rate risk 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. The major
sources of liquidity for the Bank 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 $63.3 million in available
unsecured federal funds borrowing facilities, and a $150.0 million secured line
of credit with the FHLB. 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. We anticipate that we will have
sufficient funds available to meet our future commitments. As of September 30,
2007, unused commitments comprised $87.9 million. The Bank has $154.3 million in
time deposits coming due within the next twelve months from September 30, 2007,
which includes brokered, internet and municipal time deposits. At September 30,
2007, the Bank had $106.5 million in brokered certificates of deposit, of which
$57.4 million is due within one year or less. Additionally, at September 30,
2007, municipal time deposits and internet time deposits were $28.5 million and
$1.8 million, respectively. Municipal time deposits typically have maturities
less than three months. $677,000 of internet certificates of deposit mature in
one year or less.

The largest uses and sources of cash and cash equivalents for the Corporation
for the nine months ended September 30, 2007, as noted in the Consolidated
Statement of Cash Flow, were centered primarily on the uses of cash in investing
activities. The uses of cash in investing activities of $15.1 million were
largely due to the increase in available for sale securities, with the largest
portion comprised of securitized mortgage loans. The largest segments of the net
change in net cash provided by financing activities of $15.8 million, comprised
of increases in demand and savings accounts of $20.3 million, other borrowing
from wholesale repurchase agreements of $18.2 million, and the issuance of
subordinated debentures of $18.6 million. Offsetting these increases in
financing activities were decreases in time deposits of $33.9 million, and a
decrease of $10.3 million from the redemption of the subordinated debenture due
June 30, 2007. The net cash provided in operating activities was $1.2 million,
which was largely attributable to net income of $1.8 million and in increase in
the provision for loan losses of $1 million offset by an increase in other real
estate owned of $768,000 and other assets of $1.3 million. Total cash and cash
equivalents at the end of September 30, 2007 was $26.6 million, which was a
increase of $8.2 million from December 31, 2006.

On August 15, 2007, the Corporation's Board of Directors declared the
Corporation's twenty-second consecutive quarterly cash dividend of $0.06 per
common share, payable October 1, 2007, to shareholders of record September 4,
2007.

Following are selected capital ratios for the Corporation and the Bank as of the
dates indicated, along with the minimum regulatory capital 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>
                                          September 30,      December 31,    Minimum Ratio
                                               2007              2006         for Capital
                                         ---------------   ---------------      Adequacy         Ratio to be
                                         Capital   Ratio   Capital   Ratio      Purposes     "Well Capitalized"
                                         -------   -----   -------   -----   -------------   ------------------
<S>                                      <C>       <C>     <C>       <C>     <C>             <C>
Total capital to risk-weighted assets
   Consolidated                          $55,302   13.42%  $49,693   12.65%        8%                NA
   Bank only                              48,272   11.73%   47,486   12.11%        8%                10%

Tier I capital to risk-weighted assets
   Consolidated                          $44,344   10.76%  $45,878   11.68%        4%                NA
   Bank only                              44,228   10.75%   43,677   11.14%        4%                 6%

Tier I capital to average assets
   Consolidated                          $44,344    8.65%  $45,878    9.01%        4%                NA
   Bank only                              44,228    8.66%   43,671    8.60%        4%                 5%
</TABLE>


                                       21

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

Management believes that the current capital position as well as net income from
operations, loan repayments and other sources of funds will be adequate to meet
our short and long term liquidity needs. Management currently has no plans to
raise additional capital.

The following table shows the changes in stockholders' equity for the three
months ended September 30, 2007:

<TABLE>
<CAPTION>
                                                                    Unearned   Accumulated Other
                                                Common   Retained   Employee     Comprehensive      Total
                                                Stock    Earnings   Benefits     Income/(Loss)     Equity
                                               -------   --------   --------   -----------------   -------
<S>                                            <C>       <C>        <C>        <C>                 <C>
Beginning balance, January 1, 2007             $33,220   $ 4,303      ($95)          ($763)        $36,665
Cumulative effective of adoption of SFAS 159        --      (420)       --              --            (420)
Cash dividend                                       --      (703)       --              --            (703)
Stock dividend                                   1,879    (1,879)       --              --              --
Stock option exercise                              131        --        --              --             131
SFAS 123R expensing of options                      22        --        --              --              22
Net income                                          --     1,791        --              --           1,791
Release of ESOP shares                              --        --        47              --              47
Repurchase of common stock                      (3,367)       --        --              --          (3,367)
Change in unrealized gain/loss                      --        --        --            (217)           (217)
                                               -------   -------      ----           -----         -------
Balance September 30, 2007                     $31,885   $ 3,092      ($48)          ($980)        $33,949
                                               =======   =======      ====           =====         =======
</TABLE>

Stockholder's equity was $33.9 million as of September 30, 2007. This was a
decrease of $2.7 million from December 31, 2006. The decrease in stockholder's
equity was primarily attributable to the repurchase of common stock totaling
$3.4 million for the nine months ended September 30, 2007. Net income of
$1,791,000 for the nine months of 2007 partially offset the decrease in retained
earnings from the cash and stock dividend. Additional decreases in stockholder's
equity occurred from the $420,000 charge to retained earnings from the adoption
of Financial Accounting Standards "Fair Value Option" SFAS 159. The change in
other comprehensive losses of $217,000 was due to the net change in after tax
decreases in the available for sale security portfolio. Unrealized losses have
not been recognized into income because the issuers' bonds are high credit
quality. The Corporation has the intent and the ability to hold the securities
for the foreseeable future and the decline in the fair value during the first
nine months of 2007 was primarily due to increased market rates.

NET INTEREST INCOME

Net interest income for the third quarter of 2007 was $3.3 million, an increase
of 3.0% from the third quarter of 2006. Net interest margin for the third
quarter of 2007 was 2.83% compared to 2.72% for the second quarter of 2007 and
2.77% for the third quarter of 2006. Net interest margin increased 11 basis
points over the second quarter of 2007, from the realignment of earning assets
and the de-emphasis of time deposit funding. The increase in interest income for
the third quarter of 2007 of $235,000 compared to the third quarter of 2006 was
primarily due to the increased interest rates on loans from the repricing of
fixed rate commercial mortgage loans up for renewal and secondarily from an
increase in volume and rate on the investment portfolio. Increases in various
categories of interest expense were primarily driven by increases in interest
rates paid on deposits and other borrowings as the specific instrument was set
to reprice or mature. The largest contributor to the growth in interest expense
during the third quarter was due to the Corporation's issuance of $18 million of
subordinated debentures. The Corporation also redeemed $10 million of previously
issued subordinated debentures bearing a higher interest rate than the newly
issued debentures, which will help reduce the cost of funds moving forward. The
increase in interest expense of $141,000 or 2.8% for the third quarter of 2007
compared to the third quarter last year was primarily the result of rate related
variances in time deposits of $181,000 for the same period. Additionally, volume
related increases in interest expense from NOW, money market accounts and FHLB
and repurchase accounts were offset by decreases in volume from time deposits.
The increase in interest expense associated with FHLB advances and wholesale
repurchase agreements


                                       22

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

totaled $171,000 and were primarily related to volume, as the overall yield for
on borrowings was 4.30% which was below our total weighted cost of funds.

Net interest income for the first nine months of 2007 was $9.2 million compared
to $9.5 million for the first nine months of 2006. Net interest margin was 2.71%
for the first nine months of 2007 compared to 2.89% for the nine months ended
2006.

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         Nine Months Ended
                                                       September 30,              September 30,
                                                       2007 vs. 2006              2007 vs. 2006
                                                 ------------------------   --------------------------
                                                             Increase                     Increase
                                                          (Decrease) Due               (Decrease) Due
                                                           to Changes In               to Changes In
                                                         ----------------            -----------------
                                                          Volume                      Volume
                                                 Total   and Both    Rate    Total   and Both    Rate
                                                 -----   --------   -----   ------   --------   ------
                                                                     (In  thousands)
<S>                                              <C>     <C>        <C>     <C>       <C>        <C>
Earning Assets - Interest Income
   Loans                                         $ 218    $  19     $ 199   $1,217    $ 741     $  476
   Securities                                      (33)     (32)       (1)       7     (109)       116
   Federal funds sold                               50       60       (10)     375      367          8
                                                 -----    -----     -----   ------    -----     ------
      Total                                        235       47       188    1,599      999        600
                                                 -----    -----     -----   ------    -----     ------
Deposits and Borrowed Funds - Interest Expense
   NOW and money market accounts                   413      317        96    1,188      865        323
   Savings deposits                                 (9)     (10)        1       26        2         24
   Time deposits                                  (503)    (685)      182     (134)    (972)       838
   FHLB and repo sweeps                            171      186       (15)     284      299        (15)
   ESOP                                             (2)      (1)       (1)      (3)      (4)         1
   Subordinated debentures                          71      133       (62)     577      617        (40)
                                                 -----    -----     -----   ------    -----     ------
      Total                                        141      (60)      201    1,938      807      1,131
                                                 -----    -----     -----   ------    -----     ------
Net Interest Income                              $  94    $ 107      ($13)   ($339)   $ 192      ($531)
                                                 =====    =====     =====   ======    =====     ======
</TABLE>

The average yield earned on interest earning assets for the third quarter of
2007 was 6.96% compared to 6.82% for the third quarter of 2006. The average
yield earned on the total loan portfolio, which contains both loans held for
sale and investment, was 7.63% during the third quarter of 2007 compared to
7.42% during the third quarter of 2006. The overall increase in the loan
portfolio yield was due in part to the repricing of commercial real estate loans
up for renewal. The Corporation typically originates commercial real estate
loans for terms of 3 to 5 years with amortizations ranging from 10 to 25 years.
The Corporation's security portfolio had an average non-tax adjusted yield of
4.66% during the third quarter of 2007, compared to 4.67% for the third quarter
of 2006.

The average yield on earning assets for the first nine months of 2007 was 6.90%
compared to 6.70% for the first nine months of 2006. The average yield on the
total loan portfolio, which contains both loans held for sale and loans held for
investment, was 7.55% for the nine months ended September 30, 2007 compared to
7.29% during the same period of 2006. The overall increase in the loan portfolio
yield was due to the repricing of fixed rate commercial real estate loans up for
renewal, coupled with an increase from prime sensitive loans, as prime sensitive
loans reflected a full year to date effect of a prime rate of 8.25% during 2007
versus a partial year in 2006, when prime was increasing from 7.25% at the
beginning of the year. The Corporation's security portfolio had an average
non-tax adjusted yield


                                       23

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

of 4.67% during the first nine months of 2007, compared to 4.56% for the same
period in 2006, as new securities added to the portfolio reflected the increase
in market rates over that same relative period, coupled with and secondarily,
the increase in the variable rate mortgage backed securities.

The average rate paid on interest bearing liabilities for the third quarter of
2007 was 4.70% compared to 4.60% in the third quarter of 2006. The increase in
average rate was due to the overall rate paid on interest bearing liabilities,
primarily as a result of the increase in overall market interest rates, but was
somewhat offset by the lower overall yield paid on the current subordinated
debenture. The rate paid on the total time deposit portfolio increased to 5.12%
for the third quarter of 2007, from 4.86% for the same time period in 2006 and
was driven by highly competitive interest rates paid among local financial
institutions. The increase in the average rate for NOW and money market accounts
for 2007 was primarily attributable to the introduction of a premium rate based
NOW account, with the average rate moving to 3.80% during the third quarter of
2007 versus 2.78% in the third quarter of 2006. The rate paid on FHLB advances
and repurchase agreements decreased slightly to 4.30% in the third quarter of
2007 from 4.36% in the third quarter of 2006. The relative portion of this
category contained higher levels of lower yielding repurchase agreements in 2007
compared to 2006. At September 30, 2007, the FHLB portfolio had a weighted
average maturity of 4.0 years and an overall weighted average interest rate of
4.67%. The average rate paid on the subordinated debenture decreased in the
third quarter of 2007 to 7.00% from 9.39% in the third quarter of 2006. The
overall rate paid on the subordinated debentures decreased due to the new $18.6
million issuance which bears interest at a rate of 6.71% compared to the rate
payable on the previously issued subordinated debentures which carried until
redemption a rate equal to three month Libor plus 365 basis points, or an
average rate equal to 9.39% for the third quarter of 2006. An interest rate swap
with a notional value of $18.0 million carries an interest rate receivable of
6.71%, and an interest rate payable of 170 basis points over the three month
Libor rate producing the overall yield noted in the table below of 7.04%.

The average rate paid interest bearing liabilities for the first nine months of
2007 was 4.76% compared to 4.35% in the first nine months of 2006. The increase
in average rate was due to the overall rate paid on interest bearing liabilities
and was due to the increase in overall market interest rates. The overall
increase in interest bearing deposits and liabilities for the first nine months
ended September 30, 2007 over the same time period in 2006 was due to the same
factors as mentioned above for the third quarter of 2007.


                                       24
<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

AVERAGE BALANCE SHEET

The following tables show 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 and nine month periods ended September 30, 2007 and 2006.
Average loans are presented net of unearned income, gross of the allowance for
loan losses. Interest on loans includes loan fees.

<TABLE>
<CAPTION>
                                                      Three Months Ended September 30,
                                       -------------------------------------------------------------
                                                   2007                            2006
                                       -----------------------------   -----------------------------
                                                             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
   Loans                               $373,056    $7,177     7.63%    $372,009    $6,959      7.42%
   Securities                            96,391     1,124     4.66       99,067     1,157      4.67
   Federal funds sold                    13,005       155     4.76        7,994       105      5.21
                                       --------    ------     ----     --------    ------      ----
Total Earning Assets/
   Total Interest Income                482,452     8,456     6.96      479,070     8,221      6.82
                                       --------    ------     ----     --------    ------      ----
Cash and due from banks                   7,689                           8,648
All other assets                         23,872                          23,020
                                       --------                        --------
Total Assets                           $514,013                        $510,738
                                       ========                        ========
Liabilities and Equity
   NOW and money market accounts        $70,547       675     3.80      $37,375       262      2.78
   Savings deposits                      11,113        66     2.36       12,788        75      2.33
   Time deposits                        221,948     2,866     5.12      275,136     3,369      4.86
   FHLB advances and repurchase
      agreements                        118,360     1,283     4.30      101,116     1,112      4.36
   ESOP loan                                 62         1     6.40          113         3      8.25
   Subordinated debentures               17,857       315     7.00       10,310       244      9.39
                                       --------    ------     ----     --------    ------      ----
Total Interest Bearing Liabilities/
   Total Interest Expense / Interest
      Rate Spread                       439,887     5,206     4.70      436,838     5,065      4.60
                                       --------    ------     ----     --------    ------      ----
Noninterest bearing demand deposits      36,757                          35,072
All other liabilities                     3,322                           2,758
Stockholders' equity                     34,047                          36,070
                                       --------                        --------
Total Liabilities and Stockholder's
   Equity                              $514,013                        $510,738
                                       ========                        ========
Net Interest Income                                $3,250                          $3,156
                                                   ======                          ======
Net Interest Spread                                           2.27%                            2.22%
                                                              ====                             ====
Net Interest Margin (Net Interest
   Income/Total Earning Assets)                               2.68%                            2.62%
                                                              ====                             ====
Net Interest Margin
   (fully taxable equivalent)                                 2.83%                            2.77%
                                                              ====                             ====
</TABLE>


                                       25

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

<TABLE>
<CAPTION>
                                                     Nine Months Ended September 30,
                                      -------------------------------------------------------------
                                                  2007                            2006
                                      -----------------------------   -----------------------------
                                                            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
   Loans                              $370,601    $20,914     7.55%   $361,061    $19,697     7.29%
   Securities                           95,423      3,343     4.67      97,440      3,336     4.56
   Federal funds sold                   14,202        541     5.09       4,457        166     4.98
                                      --------    -------     ----    --------     ------     ----
Total Earning Assets/
   Total Interest Income               480,226     24,798     6.90     462,958     23,199     6.70
                                      --------    -------     ----    --------     ------     ----
Cash and due from banks                  7,382                           7,108
All other assets                        23,434                          22,598
                                      --------                        --------
Total Assets                          $511,042                        $492,664
                                      ========                        ========
Liabilities and Equity
   NOW and money market accounts       $65,100      1,869     3.84     $38,328        681     2.38
   Savings deposits                     12,244        228     2.49      12,219        202     2.21
   Time deposits                       227,036      8,664     5.10     257,406      8,798     4.57
   FHLB advances and repurchase
      agreements                       111,513      3,572     4.28     101,769      3,288     4.32
   ESOP loan                                75          5     8.91         128          8     7.90
   Subordinated debentures              22,015      1,268     7.70      10,310        691     8.96
                                      --------    -------     ----    --------     ------     ----
Total Interest Bearing Liabilities/
   Total Interest Expense /
      Interest Rate Spread             437,983     15,606     4.76     420,160     13,668     4.35
                                      --------    -------     ----    --------     ------     ----
Noninterest bearing demand deposits     34,579                          34,260
All other liabilities                    3,115                           2,432
Stockholders' equity                    35,365                          35,812
                                      --------                        --------
Total Liabilities and Stockholder's
   Equity                             $511,042                        $492,664
                                      ========                        ========
Net Interest Income                               $ 9,192                          $9,531
                                                  =======                          ======
Net Interest Spread                                           2.14%                           2.35%
                                                              ====                            ====
Net Interest Margin (Net Interest
   Income/Total Earning Assets)                               2.56%                           2.75%
                                                              ====                            ====
Net Interest Margin
   (fully taxable equivalent)                                 2.71%                           2.89%
                                                              ====                            ====
</TABLE>


                                       26

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

PROVISION FOR LOAN LOSSES

A $775,000 provision for loan losses was taken in the third quarter of 2007.
This was an increase of $600,000 from the second quarter of 2007 and a $700,000
increase from the third quarter of 2006. The increased provision was due in part
to estimated declines in real estate collateral values and is based upon
management's review of the risks inherent in the loan portfolio and the level of
our allowance for loan losses. The provision for credit losses for the nine
months ended September 30, 2007 was $1.0 million compared to $250,000 for the
nine months ended September 30, 2006. The increase in provision was attributable
to those factors described above. Net loan charge-offs for the first nine months
of 2007 totaled 28 basis points on an annualized basis. The allowance for loan
losses was $4.0 million at September 30, 2007, or 1.07% of total loans versus
$3.8 million or 1.04% at December 31, 2006.

NONINTEREST INCOME

Noninterest income in the third quarter of 2007 was $1.8 million, an increase of
$580,000 compared to the third quarter of 2006. This increase was primarily
attributable to a net change in the fair value of financial assets and
liabilities as measured under the fair value option under Statement of Financial
Accounting Standards (SFAS) 159, which totaled $1.0 million on a pretax basis or
$663,000 after tax. This increase was primarily attributable to a net unrealized
increase in fair value on the Corporation's subordinated debenture which was
issued for $18 million in February of this year and was an instrument chosen for
this accounting treatment as part of the early adoption of this accounting
standard. The dramatic widening market credit spreads experienced in the third
quarter for trust preferred security issuances in the marketplace increased the
relative fair value of this financial liability. The Corporation hedges and
protects itself from changes in interest rates with an off balance sheet
interest rate swap also accounted for under SFAS 159. The hedge does not cover
changes in credit spreads, which typically occur over longer time periods.
Changes in market conditions are not predictable and changes in credit spreads
will cause changes in the fair value of this instrument and a possible loss in
income. The valuations of instruments measured under the fair value measurement
SFAS 157 were measured under a market approach using matrix pricing for the
investment securities and the income approach on observable data for financial
liabilities reported under the fair value option SFAS 159. Income from the gains
on the sale of residential mortgages of $494,000 decreased $316,000 from the
third quarter, or 39.0% and was reflective of the decline in home sales
experienced in the Midwest region. The Trust and Wealth Management division
ended the quarter at $172 million in assets under management, up 9.8% from the
prior quarter. Fiduciary income which increased 77.1%, coupled with fees and
commission income from wealth management which increased 371.4%, totaled
$190,000 for the third quarter of 2007, compared with $84,000 the third quarter
last year. Deposit service charge income of $105,000, increased $10,000 or 10.5%
for the third quarter ended 2007 compared to the same time period last year due
to an increase in transactional accounts from the Grosse Pointe Branch location.
Net unrealized losses of $31,000 for the third quarter of 2007 on the available
for sale portfolio related to restructuring activities.

Noninterest income for the nine months ended 2007 was $4.4 million compared to
$3.8 million for the nine months ended 2006. Fiduciary income of $322,000
increased $120,000, or 59.4% for the first nine months of 2007 compared to the
first nine months of 2006. The increase in fiduciary income was related to
increases in assets under management over the same respective time period.
Deposit service charge income of $285,000 increased $20,000 or 7.5% due to new
accounts primarily the result of the new branch location in Grosse Pointe Farms.
The net change in the fair value option for the nine months ended September 30,
2007 was $1.2 million, reflecting the total of all net fair value changes of all
financial instruments measured including interest rate swaps used as hedges.
Mortgage banking income of $1.8 million for the nine months ended September 30,
2007 decreased $788,000 from the nine months ended September 30, 2006 due to
lower gains on the sale of residential mortgages as the result of the continued
decline in housing sales in the Southeastern Michigan area.

NONINTEREST EXPENSE

Noninterest expense was $3.5 million for the third quarter of 2007, a decrease
of 3.5% or $125,000 from the third quarter of 2006. Salaries, benefits and
payroll taxes decreased $205,000, or 9.4%, to $2.0 million primarily from a
reduction in mortgage company origination commissions. The decrease over the
prior period would have been larger, but it included a $108,000 net charge for
severance costs related to the previously disclosed departure of the Bank's


                                       27

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

President, Ronald Reed, and the departure of some mortgage company personnel.
Mr. Reed's responsibilities were assumed by Mr. Widlak, the Corporation's Chief
Executive Officer. Net occupancy expense of $427,000 decreased $46,000, or 9.7%
compared to the third quarter of 2006 due to decreases in mortgage loan
origination office locations during the comparable period. Other operating
expense of $1.1 million increased $126,000 or 13.2% for the comparable quarterly
period from increases in legal, audit and the scheduled increase in FDIC
insurance premiums. Noninterest expense was $10.4 million for the first nine
months of 2007, a decrease of 3.0% or $316,000 resulting primarily from
reductions in salary and benefits.

PROVISION FOR INCOME TAXES

The provision for federal income taxes of $228,000 for the third quarter of 2007
increased $112,000 from the federal income tax provision for the third quarter
of 2006. The increase was primarily attributable to a lower level of tax exempt
municipal bonds and a slight decrease in bank owned life insurance (BOLI) income
over the same respective time period. This was coupled with a higher level of
pretax income over the respective period. The increase in cash surrender value
of BOLI is exempt from federal income tax. The statutory tax rate of the
Corporation is 34%.

The provision for federal income taxes of $448,000 for the nine months ended
September 30, 2007 increased $19,000 over the first nine months of 2006. The
effective tax rate for the first nine months of 2007 was 20.0% compared to 18.1%
for the first nine months of 2006.

ASSET/LIABILITY MANAGEMENT

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

Currently two quantitative tools are used 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 our
exposure to interest rate risk.

Static gap analysis measures the difference between the assets and liabilities
repricing or maturing within specific time periods. An asset-sensitive position
indicates that there are more rate-sensitive assets than rate-sensitive
liabilities repricing or maturing within specific time periods, which would
generally imply a favorable impact on net interest income in periods of rising
interest rates and a negative impact in periods of falling rates. A
liability-sensitive position would generally imply a negative impact on net
interest income in periods of rising rates and a positive impact in periods of
falling rates.

Static gap analysis has limitations because it cannot measure precisely the
effect of interest rate movements and competitive pressures on the repricing and
maturity characteristics of interest-earning assets and interest-bearing
liabilities. In addition, a significant portion of our adjustable-rate assets
have limits on their maximum yield, whereas most of our interest-bearing
liabilities are not subject to these limitations. As a result, certain assets
and liabilities indicated as repricing within a stated period may in fact
reprice at different times and at different volumes, and certain adjustable-rate
assets may reach their yield limits and not reprice.


                                       28

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

The following table presents an analysis of our interest-sensitivity static gap
position at September 30, 2007. All interest-earning assets and interest-bearing
liabilities are shown based on the earlier of their contractual maturity or
repricing date adjusted by forecasted repayment and decay rates. Asset
prepayment and liability decay rates are selected after considering the current
rate environment, industry prepayment and decay rates and our historical
experience. At September 30, 2007, we are considered slightly liability
sensitive in the time interval of the first three months. We are also considered
to be somewhat liability sensitive at the one year accumulated gap position.

<TABLE>
<CAPTION>
                                           After Three    After One
                                 Within     Months But    Year But     After
                                  Three     Within One     Within       Five
                                 Months        Year      Five Years    Years      Total
                                --------   -----------   ----------   -------   --------
                                                 (Dollars in thousands)
<S>                             <C>        <C>           <C>          <C>       <C>
Interest earning assets:
   Federal funds sold and
      interest bearing cash     $ 16,700    $     --      $     --    $    --   $ 16,700
   Securities, including
      Trading                     21,449       8,401        21,567     36,080     87,497
   FHLB stock                        --        4,678            --         --      4,678
   Portfolio loans and
      held for resale            119,986      68,425       152,981     38,287    379,679
                                --------    --------      --------    -------   --------
      Total                      158,135      81,504       174,548     74,367   $488,554
                                ========    ========      ========    =======   ========
Interest bearing liabilities:
   NOW and money market
      accounts                    47,032       9,094        11,549      2,892   $ 70,567
   Indexed money market               --          --            --         --         --
   Savings deposits                  902       3,906        10,217         --     15,025
   Jumbo time deposits            46,845      74,827        55,691         --    177,363
   Time deposits < $100,000       10,619      21,978         8,725         --     41,322
   Repurchase agreements          33,932          --            --         --     33,932
   FHLB advances                   5,952       9,000        49,376     26,200     90,528
   ESOP payable                       48          --            --         --         48
   Subordinated debentures        18,557          --            --         --     18,557
                                --------    --------      --------    -------   --------
      Total                      163,887     118,805       135,558     29,092   $447,342
                                ========    ========      ========    =======   ========
Interest rate sensitivity gap    ($5,752)   ($37,301)     $ 38,990    $45,275
Cumulative interest rate
   sensitivity gap                          ($43,053)      ($4,063)   $41,212
Interest rate sensitivity gap
   ratio                           0.96         0.69          1.29       2.56
Cumulative interest rate
   sensitivity gap ratio                        0.85          0.99       1.09
</TABLE>

The Bank also evaluates interest rate risk using a simulation model. The use of
simulation models to assess interest rate risk is an accepted industry practice,
and the results of the analysis are useful in assessing the vulnerability of the
Bank's net interest income to changes in interest rates. However, the
assumptions used in the model are oversimplifications and not necessarily
representative of the actual impact of interest rate changes. The simulation
model assesses the direction and magnitude of variations in net interest income
resulting from potential changes in market interest rates. Key assumptions in
the model include prepayment speeds of various loan and investment assets; cash
flows and maturities of interest-sensitive assets and liabilities, and changes
in market conditions impacting loan and deposit volumes and pricing. These
assumptions are inherently uncertain, and subject to fluctuation and revision in
a dynamic environment. Therefore, the model cannot precisely estimate future net
interest income or exactly predict the impact of higher or lower interest rates.
Actual results may differ from simulated results due to, among other factors,
the timing, magnitude, and frequency of interest rate changes, changes in market
conditions and management's pricing decisions, and customer reactions to those
decisions. The table does not include balance sheet adjustments recorded under
the fair value option SFAS 159.


                                       29
<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

On a quarterly basis, the net interest income simulation model is used to
quantify the effects of hypothetical changes in interest rates on the Bank'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.

The table below, as of September 30, 2007, based on the most recent available
analysis, reflects the impact the various instantaneous parallel shifts in the
yield curve would have on net interest income over a twelve month period of time
from the base forecast. Interest rate risk is a potential loss of income and/or
potential loss of economic value of equity. Rate sensitivity is the measure of
the effect of changing interest rates on the Bank's net interest income or the
net interest spread. The policy of the Bank shall be to risk no more than 10% of
its net interest income in a changing interest rate scenario of +/- 200 basis
points over a one-year simulation period. Furthermore, no more than 15% of net
interest income can be projected at risk in a scenario of +/- 300 basis points
over a one-year simulation period.

<TABLE>
<CAPTION>
                                       Percentage Change
       Interest Rate Scenario          In Net Interest Income
       ----------------------          ----------------------
<S>                                    <C>
Interest rates up 300 basis points             (2.61%)
Interest rates up 200 basis points             (1.10%)
Interest rates up 100 basis points             (0.43%)
Base case                                         --
Interest rates down 100 basis points            2.04%
Interest rates down 200 basis points            3.95%
Interest rates down 300 basis points            4.53%
</TABLE>

ITEM 3. CONTROLS AND PROCEDURES

An evaluation of the Corporation's disclosure controls and procedures (as
defined in Rule 13a-15(e) of the Securities and Exchange Act of 1934 ("Act")) as
of September 30, 2007, was carried out under the supervision and with the
participation of the Corporation's Chief Executive Officer, Chief Financial
Officer and several other members of the Corporation's senior management. The
Corporation's Chief Executive Officer and Chief Financial Officer concluded that
the Corporation's disclosure controls and procedures as currently in effect are
effective in ensuring that the information required to be disclosed by the
Corporation in the reports it files or submits under the Act is (i) accumulated
and communicated to the Corporation's management (including the Chief Executive
Officer and Chief Financial Officer) in a timely manner, and (ii) recorded,
processed, summarized and reported within the time periods specified in the
SEC's rules and forms.

There have been no changes in our internal control over financial reporting (as
defined in Rule 13a-15(f) of the Act) that occurred during the quarter ended
September 30, 2007, that has materially affected, or is reasonably likely to
materially affect, our internal control over financial reporting.

The Corporation intends to continually review and evaluate the design and
effectiveness of its disclosure controls and procedures and to improve its
controls and procedures over time and to correct any deficiencies that it may
discover in the future. The goal is to ensure that senior management has timely
access to all material non-financial information concerning the Corporation's
business. While the Corporation believes the present design of its disclosure
controls and procedures is effective to achieve its goal, future events
affecting its business may cause the Corporation to modify its disclosures and
procedures.


                                       30

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

                                     PART II

ITEM 1. LEGAL PROCEEDINGS

Not applicable.

ITEM 1A. RISK FACTORS

No material changes from the risk factors previously disclosed in our Annual
Report on Form 10-K for the year ended December 31, 2006.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

Stock Repurchases - The following table sets forth information about the
Corporation's purchases of its outstanding Common Stock during the quarter ended
September 30, 2007.

<TABLE>
<CAPTION>
                                                                                       MAXIMUM
                                                                                      NUMBER (OR
                                                                     TOTAL NUMBER    APPROXIMATE
                                                                       OF SHARES    DOLLAR VALUE)
                                                                      (OR UNITS)      OF SHARES
                                                                       PURCHASED      (OR UNITS)
                                                          AVERAGE     AS PART OF     THAT MAY YET
                                          TOTAL NUMBER     PRICE       PUBLICLY      BE PURCHASED
                                           OF SHARES      PAID PER     ANNOUNCED      UNDER THE
                                           (OR UNITS)      SHARE       PLANS OR        PLANS OR
                PERIOD                   PURCHASED (1)   (OR UNIT)   PROGRAMS (3)    PROGRAMS (3)
                ------                   -------------   ---------   ------------   -------------
<S>                                      <C>             <C>         <C>            <C>
July 1, 2007 - July 31, 2007                     --           --            --         126,839
August 1, 2007 - August 31, 2007             40,655         8.26        40,655          86,184
September 1, 2007 - September 30, 2007       67,616         8.81        67,616          18,568
</TABLE>

(1)  All shares reported in the above table were purchased through publicly
     announced share repurchase programs.

(2)  On June 7, 2007, the Corporation announced a share repurchase program to
     repurchase up to 5% (193,289 shares) of its outstanding common stock in the
     open market or privately negotiated transactions over the next twelve month
     period.

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.

Cash Dividend - On August 15, 2007, the Corporation's Board of Directors
declared the Corporation's twenty-second quarterly cash dividend of $0.06 per
common share, payable October 1, 2007, to shareholders of record September 4,
2007.

ITEM 6. EXHIBITS.

See Exhibit Index attached.


                                       31

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

                                   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 November 13, 2007

                                         COMMUNITY CENTRAL BANK CORPORATION


                                         By: S/ DAVID A. WIDLAK
                                             -----------------------------------
                                             David A. Widlak;
                                             President and CEO
                                             (Principal Executive Officer)


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


                                       32

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

EXHIBIT INDEX

<TABLE>
<CAPTION>
EXHIBIT
 NUMBER                             EXHIBIT DESCRIPTION
-------                             -------------------
<S>       <C>
3.1       Articles of Incorporation are incorporated by reference to Exhibit 3.1
          of the Corporation's Registration Statement on Form SB-2 (SEC File No.
          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 Quarterly Report on Form 10-QSB filed with the
          SEC for the quarter ended June 30, 2004 (SEC File No. 000-33373)

4.1       Specimen of 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) which
          became effective on 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
          (SEC File No. 333-04113) which became effective September 23, 1996

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

10.3      1999 Stock Option Plan for Directors in incorporated by reference to
          Exhibit 10.5 of the Corporation's Annual Report filed with the SEC on
          Form 10-KSB for the year ended December 31, 1999 (SEC File No.
          000-33373)

10.4      2000 Employee Stock Option Plan is incorporated by reference to
          Exhibit 10.6 of the Corporation's Annual Report filed with the SEC on
          Form 10-KSB for the year ended December 31, 2000 (SEC File No.
          000-33373)

10.5      2002 Incentive Plan is incorporated by reference to Exhibit 10.7 of
          the Corporation's Annual Report filed with the SEC on Form 10-KSB for
          the year ended December 31, 2001 (SEC File No. 000-33373)

10.6      Community Central Bank Supplemental Executive Retirement Plan is
          incorporated by reference to Exhibit 10.6 of the Corporation's Annual
          Report on Form 10-K filed with the SEC for the year ended December 31,
          2006 (SEC File No. 000-33373)

10.7      Community Central Bank Death Benefit Plan is incorporated by reference
          to Exhibit 10.7 of the Corporation's Annual Report on Form 10-K filed
          with the SEC for the year ended December 31, 2006 (SEC File No.
          000-33373)

10.8      Form of Incentive Stock Option Agreement incorporated by reference to
          Exhibit 99.1 of the Corporation's Current Report on Form 8-K filed
          with the SEC on March 25, 2005. (SEC File No. 000-33373)

10.9      Form of Non-qualified Stock Option Agreement is incorporated by
          reference to the Corporation's Current Report on Form 8-K filed on
          January 17, 2006. (SEC File No. 000-33373)

10.10     Summary of Current Director Fee Arrangements is incorporated by
          reference to Exhibit 10.10 of the Corporation's Annual Report filed
          with the SEC on Form 10-KSB for the year ended December 31, 2004. (SEC
          File No. 000-33373)
</TABLE>


                                       33

<PAGE>

COMMUNITY CENTRAL BANK CORPORATION
FORM 10-Q (continued)

<TABLE>
<S>       <C>
10.11     The foregoing description of the Separation Agreement is qualified in
          its entirety by reference to the complete terms and conditions of the
          Separation Agreement, which is attached as Exhibit 10.11 to this
          Quarterly Report on Form 10-Q and is incorporated herein by reference

11        Computation of Per Share Earnings

31.1      Rule 13a - 14(a) Certification (Chief Executive Officer)

31.2      Rule 13a - 14(a) Certification (Chief Financial Officer)

32        Rule 1350 Certifications
</TABLE>


                                       34