UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB
[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
For the fiscal year ended December 31, 2005
Commission File No. 000-33373
COMMUNITY CENTRAL BANK CORPORATION
(Name of small business issuer in its charter)
Michigan 38-3291744
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
100 N. Main Street, Mount Clemens, Michigan 48043-5605
(Address of principal executive offices and zip code)
(586) 783-4500
(Issuer's telephone number)
Securities registered under Section 12(b) of the Act: None
Securities registered under Section 12(g) of the Act
Common Stock, no par value
(Title of Class)
Check whether the issuer is not required to file reports pursuant to Section 13
or 15(d) of the Exchange Act: [ ]
Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. YES [ X ] NO [ ]
Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. [ X ]
Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [ ] No [ X ]
Issuer's revenue for its most recent fiscal year was $29,309,000
The aggregate market value of voting and non-voting common equity of the
registrant held by nonaffiliates was approximately $31.5 million as of March 21,
2006 based on the average of the high and low sale price ($12.00) on that date.
(For purposes of this calculation, 1,029,019 shares beneficially owned by the
members of the Corporation's Board of Directors and Executive Officers have been
excluded.) The exclusion of the member value of the shares owned by these
individuals shall not be deemed an admission by the issuer that such person is
an affiliate of the issuer.
As of March 21, 2006, 3,653,736 shares of Common Stock of the issuer were
outstanding.
DOCUMENTS INCORPORATED BY REFERENCE:
Parts I and II - Portions of Stockholder Report of the issuer for the year ended
December 31, 2005.
Part III - Portions of the Proxy Statement of the issuer for its April 18, 2006
Annual Meeting.
Transitional Small Business Disclosure Format: Yes No X
----- -----
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB(continued)
DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements throughout 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 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 aniticipated 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.
2
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB(continued)
PART I
ITEM 1. DESCRIPTION OF BUSINESS
Community Central Bank Corporation is the holding company for Community
Central Bank (the "Bank") in Mount Clemens, Michigan. The Corporation 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 and
Internet banking services. The Bank operates two full service facilities, one in
Mount Clemens and the other in Rochester Hills, Michigan. Community Central
Mortgage Company, LLC, a subsidiary of the Corporation and the Bank, operates
locations servicing the Detroit metropolitan area, central and northwest
Indiana, northern Illinois and Raleigh, North Carolina.
The Corporation is subject to regulation by the Board of Governors of the
Federal Reserve System. The Bank is subject to extensive regulation by the
Michigan Office of Financial and Insurance Services ("OFIS") and by the Federal
Deposit Insurance Corporation ("FDIC"). The Bank's deposits are insured up to
the applicable limits by the FDIC. (See "-Regulation and Supervision" below.)
The Corporation's common shares trade on The NASDAQ National Market under the
symbol "CCBD."
The 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 business,
commercial real estate and residential real estate loans, and the interest the
Corporation pays on 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. This trend should lessen the
impact on the County of future economic downturns in the automotive sector of
the economy. Macomb County's proximity to major highways and affordable housing
has continued to spur economic growth in the area. Changes 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. For information on our results of operation, see
"Management's Discussion and Analysis and Results of Operations" contained in
the Stockholder Report filed as Exhibit 13 to this document.
During 2005, we continued to grow our balance sheet consistent with a
traditional commercial banking model. We used wholesale funds in the form of
brokered deposits and Federal Home Loan Bank advances to fund growth. 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. 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.
Community Central Mortgage Company, LLC ("the Mortgage Company"), which is
a wholly owned mortgage-banking subsidiary of the Bank and the Corporation, has
felt the effect of the nationwide slowdown in residential mortgage volumes. The
Mortgage Company has scaled back both variable and fixed costs to better match
the reduced revenue generated because of this origination slowdown.
On February 14, 2005, Community Central Bank Corporation completed a
subscription rights offering. The Corporation received gross proceeds of
approximately $5.3 million from the offering and will use the proceeds to fund
its growth strategy, for working capital and for general corporate purposes.
On June 30, 2005, the Corporation completed its acquisition and merger with
River Place Financial Corp., a Michigan-chartered bank ("River Place"), pursuant
to which the Corporation acquired all of the outstanding equity
3
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB(continued)
interests of River Place. River Place was a private bank wholly owned by the
descendants of Julius Stroh, founder of The Stroh Brewery Company. River Place
was established in 1983 to manage the private banking and trust needs of the
Stroh family; and trusts managed by its trust department owned and controlled
Stroh Brewery until its sale in 1999. The Corporation expects by expanding into
trust and wealth management banking services it will broaden its base of
potential customers and provide additional services to existing customers
resulting in incremental income to the Corporation. The Corporation expects that
the expansion into the trust and wealth management services will also increase
noninterest expense. The increase in noninterest expense would comprise
primarily salaries, commission, benefits and other compensation related expenses
and that during the early start of operations noninterest expense will exceed
noninterest income.
EFFECT OF GOVERNMENT MONETARY POLICIES. The earnings of the Corporation are
affected by domestic economic conditions and the monetary and fiscal policies of
the United States Government, its agencies, and the Federal Reserve Board. The
Federal Reserve Board's monetary policies have had, and will likely continue to
have, an important impact on the operating results of commercial banks through
its power to implement national monetary policy. Monetary policy is used to,
among other things, attempt to curb inflation or combat a recession. The
policies of the Federal Reserve Board have a major effect upon the levels of
bank loans, investments and deposits through its open market operations in
United States Government securities, and through its regulation of, among other
things, the discount rate on borrowings of member banks and the reserve
requirements against member bank deposits. It is not possible to predict the
nature and impact of future changes in monetary and fiscal policies.
REGULATION AND SUPERVISION. Financial institutions and their holding
companies are extensively regulated under federal and state law. Consequently,
the growth and earnings performance of the Corporation and the Bank can be
affected not only by management decisions and general economic conditions, but
also by the statutes administered by, and the regulations and policies of,
various governmental regulatory authorities. Those authorities include, but are
not limited to, the Board of Governors of the Federal Reserve System, the FDIC,
OFIS, the Securities and Exchange Commission, the Internal Revenue Service, and
federal and state taxing authorities. The effect of such statutes, regulations
and policies can be significant, and cannot be predicted with a high degree of
certainty. There can be no assurance that future legislation or government
policy will not adversely affect the banking industry or the operations of the
Corporation or the Bank. Federal economic and monetary policy may affect the
Bank's ability to attract deposits, make loans and achieve satisfactory interest
spreads.
Federal and state laws and regulations generally applicable to financial
institutions and their holding companies regulate, among other things, the scope
of business, investments, reserves against deposits, capital levels relative to
operations, lending activities and practices, the nature and amount of
collateral for loans, the establishment of branches, mergers, consolidations and
dividends. The system of supervision and regulation applicable to the
Corporation and the Bank establishes a comprehensive framework for their
respective operations and is intended primarily for the protection of the FDIC's
deposit insurance funds, the depositors of the Bank, and the public, rather than
shareholders of the Bank or the Corporation.
Federal law and regulations establish supervisory standards applicable to
the lending activities of the Bank including internal controls, credit
underwriting, loan documentation, and loan-to-value ratios for loans secured by
real property. The Bank is in compliance with these requirements.
The Corporation is subject to the periodic reporting requirements of the
Securities Exchange Act of 1934, as amended, and files reports and proxy
statements pursuant to such Act with the Securities and Exchange Commission.
EMPLOYEES. As of December 31, 2005, the Corporation and its subsidiaries
employed 91 full-time equivalent employees.
COMPETITION. All phases of the business of the Bank are highly competitive.
The Bank competes with numerous financial institutions, including other
commercial banks, in the Macomb County and metropolitan Detroit area. The Bank,
along with other commercial banks, competes with respect to its lending
activities, and competes in attracting demand deposits with savings banks,
savings and loan associations, insurance companies, small loan companies, credit
unions and with the issuers of commercial paper and other securities, such as
various mutual funds. Many of these institutions are substantially larger and
have greater financial resources than the Bank.
4
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB(continued)
The competitive factors among financial institutions can be classified into
two categories; competitive rates and competitive services. Interest rates are
widely advertised and thus competitive, especially in the area of time deposits.
From a service standpoint, financial institutions compete against each other in
types and quality of services. The Bank is generally competitive with other
financial institutions in its area with respect to interest rates paid on time
and savings deposits, fees charged on deposit accounts, and interest rates
charged on loans. With respect to services, the Bank offers a customer service
oriented atmosphere which management believes is better suited to its customers'
needs than that which is offered by other institutions in the local market.
5
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB(continued)
EXECUTIVE OFFICERS. The following is a list of the executive officers of
the Corporation and the Bank, together with their ages and their positions at
December 31, 2005. Executive officers of the Corporation are elected annually by
the Board of Directors to serve for the ensuing years and until their successors
are elected and qualified.
Position
Name and Position Held Since Age
----------------- ---------- ---
David A. Widlak
President of Community Central Bank Corporation 2003 57
CEO of Community Central Bank Corporation 2000
Ronald R. Reed
President and CEO of Community Central Bank 2000 59
Ray T. Colonius
CFO and Corporate Treasurer of 1999 48
Community Central Bank Corporation and
Community Central Bank
David A. Widlak previously held the position of President and Chief
Executive Officer of Central Holding Company. Ronald R. Reed previously served
as Vice President of business development at First International Bank from
October 1999 to September 2000. He headed Midwest Business Strategies, Inc. from
May 1998 to October 1999. Prior to that he served with Michigan National Bank
from March 1970 to May 1998 most recently as an area director for small business
banking.
ITEM 2. DESCRIPTION OF PROPERTY
The Corporation owns two facilities, one being the original main office
branch facility and the other being the corporate and bank headquarters located
in downtown business district of Mount Clemens, Michigan. The main office
location contains a full service branch, trust operations and IT operations. The
newly constructed headquarters building that was completed in April 2005,
contains the administrative office staff and executives of the Corporation and
Bank, including commercial lending and the mortgage company operations. The
Corporation leases its full service branch location located in Rochester Hills,
Michigan. The lease has 8 years remaining on its initial term, with a 10 year
renewal option. The mortgage company, a subsidiary of the Corporation and the
Bank, has 9 loan production offices located in Anchorville, Livonia, Southwest
Detroit and Mount Clemens, to serve the Detroit metropolitan areas.
Additionally, the mortgage company operates offices in Merrillville, Indiana,
Rockford, Illinois, Raleigh, North Carolina and Tampa, Florida.
ITEM 3. LEGAL PROCEEDINGS
From time to time, the Corporation and the Bank may be involved in various
legal proceedings that are incidental to their business. In the opinion of
management, neither the Corporation nor the Bank is a party to any current legal
proceedings that are material to the financial condition of the Corporation or
the Bank, either individually or in the aggregate.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None
6
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB(continued)
PART II
ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.
The information shown under the caption "Stockholder Information" on page
59 of the Stockholder Report filed as Exhibit 13 to this Form 10-KSB is
incorporated herein by reference. In addition, the Equity Compensation Plan
Information table, in the proxy statement is incorporated herein by reference.
ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS
The information presented under the caption "Management's Discussion and
Analysis of Financial Condition and Results of Operations" on pages 41 to 58 of
the Stockholder Report filed as Exhibit 13 to this Form 10-KSB is incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS
The information presented under the captions "Consolidated Balance Sheet,"
"Consolidated Statement of Income," "Consolidated Statement of Comprehensive
Income," "Consolidated Statement of Changes in Stockholders' Equity,"
"Consolidated Statement of Cash Flow," and "Notes to Consolidated Financial
Statements," on pages 1 through 40 of the Stockholder Report filed as Exhibit 13
to this Form 10-KSB, as well as the Report of Independent Registered Public
Accounting Firm of Plante & Moran, PLLC, dated March 9, 2006, included in the
Stockholder Report, are incorporated herein by reference.
ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None
ITEM 8A. CONTROLS AND PROCEDURES
An evaluation of the Corporation's disclosure controls and procedures (as
defined in Section 13a-15(e) of the Securities Exchange Act of 1934 (the
"Exchange Act")) as of December 31, 2004, was carried out under the supervision
and with the participation of the Corporation's Chief Executive Officer,
Principal Financial Officer and several other members of the Corporation's
senior management. The Corporation's Chief Executive Officer and Principal
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 Exchange Act is (i) accumulated and communicated to the Corporation's
management (including the Chief Executive Officer and Principal 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 13a-15(f) of the Exchange Act) that occurred during the quarter ended
December 31, 2005, 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 disclosure
controls and procedures.
ITEM 8B. OTHER INFORMATION
None
7
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB(continued)
PART III
ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE
WITH SECTION 16(A) OF THE EXCHANGE ACT
DIRECTORS. The information presented under the caption "Election of
Directors - Information about Directors and Nominees as Directors" in the Proxy
Statement of the Corporation for its Annual Meeting of Stockholders to be held
on April 18, 2006, (the "Proxy Statement"), a copy of which has been filed with
the Securities and Exchange Commission, is incorporated herein by reference.
EXECUTIVE OFFICERS. Information concerning Executive Officers of the
Corporation is presented under the caption "Executive Officers" in Part I of
this Form 10-KSB and is incorporated herein by reference.
AUDIT COMMITTEE FINANCIAL EXPERT. Information concerning the Corporation's
"audit committee financial expert" is presented under the caption "Board
Meetings, Board Committees and Corporate Governance Matters - 'Indepenent'
Directors" in the Proxy Statement and is incorporated herein by reference.
COMPLIANCE WITH SECTION 16(A). Based solely on our review of copies of
reports filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
as amended, or written representations from persons required to file such
reports, we believe that all filings required to be made were timely made in
accordance with the requirements of the Securities Exchange Act of 1934.
CODE OF ETHICS. On February 17, 2004, the Corporation adopted a written
Code of Business Conduct and Ethics based upon the standards set forth under
Item 406 of Regulation S-B of the Securities Exchange Act. The Code of Ethics
applies to all of the Company's directors, officers and employees. A copy of the
Corporation's Code of Business Conduct and Ethics was filed with the SEC as
Exhibit 14 to the Corporation's Annual Report on Form 10-KSB for the year ended
December 31, 2003.
ITEM 10. EXECUTIVE COMPENSATION
The information presented under the caption "Directors Compensation" and
"Executive Compensation" in the Proxy Statement is incorporated herein by
reference.
ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
RELATED STOCKHOLDER MATTERS
The information presented under the captions "Stock Ownership of Certain
Beneficial Owners and Management" and "Equity Compensation Plan Information
Table" in the Proxy Statement is incorporated herein by reference.
ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
The information presented under the caption "Certain Transactions" in the
Proxy Statement is incorporated herein by reference.
8
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB(continued)
ITEM 13. EXHIBITS
The exhibits to this report on Form 10-KSB are listed below.
3.1 Articles of Incorporation are incorporated by reference to Exhibit
3.1 of the Corporation's Registration Statement on Form SB-2 (SEC
File No. 333-04113).
3.2 Bylaws of the Corporation are incorporated by reference to Exhibit
3.2 of the Corporation's Quarterly Report on Form 10-QSB for the
quarter ended June 30, 2004 (SEC File No. 000-33373).
4.1 Specimen stock certificate of Community Central Bank Corporation is
incorporated by reference to Exhibit 4.2 of the Corporation's
Registration Statement on Form SB-2 (SEC File No. 333-04113).
10.1 1996 Employee Stock Option Plan is incorporated by reference to
Exhibit 10.1 of the Corporation's Registration Statement on Form
SB-2 (SEC File No. 333-04113).
10.2 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).
10.3 1999 Stock Option Plan for Directors is incorporated by reference
to Exhibit 10.5 of the Corporation's Annual Report 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 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 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
Quarterly Report on Form 10-QSB for the quarter ended June 30, 2003
(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 Quarterly Report on
Form 10-QSB for the quarter ended June 30, 2003 (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 on March 25, 2005. (SEC File No. 000-33373)
10.9 Form of Non-qualified Stock Option Agreement incorporated by
reference to Exhibit 99.1 of the Corporation's Current Report on
Form 8-K filed on January 17, 2006. (SEC File No. 000-33373)
10.10 Summary of Named Executive Officer Salary and Bonus Arrangements is
incorporated by reference to the Corporation's Current Report on
Form 8-K filed on January 17, 2006. (SEC File No. 000-33373)
10.11 Summary of Current Director Fee Arrangements is incorporated by
reference to Exhibit 10.10 of the Corporation's Annual Report on
Form 10-KSB for the year ended December 31, 2004. (SEC File No.
000-33373)
11 Computation of Per Share Earnings
13 2005 Stockholder Report (Except for the portions of the 2005
Stockholder Report that are expressly incorporated by reference in
this Annual Report on Form 10-KSB, the 2005 Stockholder Report of
the Corporation shall not be deemed filed as a part hereof.)
14 Code of Business Conduct and Ethics is incorporated by reference to
Exhibit 14 of the Corporation's Form 10-KSB for the year ended
December 31, 2003 (SEC File No. 000-33373).
21 List of subsidiaries of the Corporation is incorporated by
reference to Exhibit 21 of the Corporation's Form 10-KSB for the
year ended December 31, 2003 (SEC File No. 000-33373)
23 Consent of Independent Registered Public Accounting Firm
31.1 Rule 13a - 14(a) Certification (Chief Executive Officer)
31.2 Rule 13a - 14(a) Certification (Chief Financial Officer)
32 Rule 1350 Certifications
9
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB(continued)
ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
The information presented under the captions "Selection of and Relationship
with Independent Auditor" in the Proxy Statement is incorporated herein by
reference.
10
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB(continued)
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act of 1934, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized, on March 30, 2006:
COMMUNITY CENTRAL BANK CORPORATION
/S/ DAVID A. WIDLAK
----------------------------------------
David A. Widlak; President and
Chief Executive Officer
(Duly authorized officer)
In accordance with the Exchange Act of 1934, this report has been signed
below by the following persons on behalf of the registrant, and in the
capacities indicated on March 30, 2006:
/S/ GEBRAN S. ANTON /S/ JOSEPH F. JEANNETTE
------------------------------------- ----------------------------------------
Gebran S. Anton; Director Joseph F. Jeannette; Director
/S/ DAVID E. BONIOR /S/ DEAN S. PETITPREN
------------------------------------- ----------------------------------------
David E. Bonior; Director Dean S. Petitpren; Chairman and Director
/S/ JOSEPH CATENACCI /S/ RONALD R. REED
------------------------------------- ----------------------------------------
Joseph Catenacci; Director Ronald R. Reed; Vice-Chairman and
Director
/S/ SALVATORE COTTONE /S/ JOHN W. STROH, III
------------------------------------- ----------------------------------------
Salvatore Cottone; Director John W. Stroh, III; Director
/S/ CELESTINA GILES /S/ DAVID A. WIDLAK
------------------------------------- ----------------------------------------
Celestina Giles; Director David A. Widlak; President and Chief
Executive Officer, and Director
(principal executive officer)
/S/ BOBBY L. HILL /S/ RAY T. COLONIUS
------------------------------------- ----------------------------------------
Bobby L. Hill; Director Ray T. Colonius, CFO and Treasurer
(principal financial and
accounting officer)
11
COMMUNITY CENTRAL BANK CORPORATION
FORM 10-KSB(continued)
EXHIBIT INDEX
EXHIBIT NUMBER EXHIBIT DESCRIPTION
-------------- -------------------
11 Computation of Per Share Earnings
13 2005 Stockholder Report. Except for the portions of the 2005
Stockholder Report that are expressly incorporated by reference
in this Annual Report on Form 10-KSB, the 2005 Stockholder
Report of the Corporation shall not be deemed filed as a part
hereof.
23 Consent of Independent Registered Public Accounting Firm
31.1 Rule 13a - 14(a) Certification (Chief Executive Officer)
31.2 Rule 13a - 14(a) Certification (Chief Financial Officer)
32 Rule 1350 Certification
12