Community Central Bank Corp. reported unaudited condensed consolidated earnings for the third quarter and nine months ended September 30, 2009. The company reported a net loss available to common shares of $2.4 million or $0.66 per diluted common share for the third quarter ended September 30, 2009. This compares to net income available to common shares of $104,000 or $0.03 per diluted common share for the third quarter ended September 30, 2008. Net interest income before the provision for loan losses for the third quarter of 2009 increased to $3.2 million, compared to $2.9 million for the third quarter of 2008. Loss before income taxes was $3,636,000 against income before taxes of $67,000 for the same period a year ago. Total interest income was $7,238,000 against $7,537,000 for the same period a year ago. Net loss available to common shares for the nine months ended September 30, 2009 was $4.9 million or $1.33 per diluted common share. This compares to net income of $619,000 or $0.17 per diluted common share for the nine months ended September 30, 2008. The company reported that $4.4 million and $9.7 million provision for loan losses recorded for the third quarter and nine months ended September 30, 2009, are the primary reason for the decline in net income. Net interest income before the provision for loan losses for the first nine months of 2009 was $9.1 million, compared to $8.4 million for the first nine months of 2008. Adversely affecting net interest income in the third quarter and first nine months of 2009 was the reversal and non-recognition of interest income on nonaccrual loans which totaled approximately 41 basis points of total net interest margin for the third quarter and nine months ended September 30, 2009. The growth net interest income was primarily attributable to lower cost of funds resulting from the significant growth in non-interest bearing checking accounts, which increased $25.1 million from December 31, 2008. Loss before income taxes was $7,299,000 against income before taxes of $597,000 for the same period a year ago. Total interest income was $22,021,000 against $22,854,000 for the same period a year ago. Book value per common share as on Sep. 30, 2009 was $7.20 against $8.96 as on Sep. 30, 2008.

Community Central Bank Corp. announced that David E. Weber has been appointed to serve on its Board of Directors and the Board of Directors of its wholly owned subsidiary, Community Central Bank, effective November 17, 2009. Mr. Weber has thirty years experience as a residential and commercial builder, land developer and golf course developer/owner. He is a part owner of four golf courses located in Michigan, including Greystone Golf, Beacon Hill, Hickory Hollow and Brentwood. Mr. Weber is a member of the Mt. Clemens Construction Board and a Member of the Wertz Warriors. He has served as a Past Member of the Special Olympics Michigan Board of Directors.

Community Central Bank Corp. announced on September 18, 2009 that it intends to file an application to transfer its securities from the NASDAQ Global Market to the NASDAQ Capital Market. David A. Widlak, President and Chief Executive Officer of Community Central Bank Corporation, said, “With the current economic situation in Michigan and throughout the country, it is difficult to maintain the market capitalization requirements of the NASDAQ Global Market. With approximately 38% of our stock owned by management and directors, our stock is not as actively traded as certain other smaller public companies. This action is intended to provide our stockholders with the benefits of continued listing on the NASDAQ system while saving the company money.” On September 15, 2009, the Company received notification from The NASDAQ Stock Market of non-compliance with the continued listing standards of The NASDAQ Global Market. For the last 30 consecutive trading days, the Company's common stock has not maintained a minimum market value of publicly held shares (MVPHS) of $5,000,000 as required for continued inclusion on the NASDAQ Global Market.