I was explaining black holes to a friend who asked about the LHC and thought about what might happen if a tiny black hole were created.
I believe matter falling into a microscopic black hole would still enter it in a similar manner to large black holes elsewhere in the universe by orbiting the tiny black hole while being accelerated causing energy to be emitted before crossing the event horizon.
The black hole would immediately be pulled by gravity toward the center of the earth. It would pick up matter as it fell. Unlike an object falling in an evacuated tube it would not have enough momentum to rise on the other side back to the surface of the earth. The matter picked up on the way down would have less momentum on reaching the center. Then as it rises up the other side it picks up more matter that continues to slow the speed of the black hole before it reverses direction at an even lesser distance from the center of the earth. The result would be diminishing oscillations until it appears to be stationary at the center.
While falling and on reaching the center I believe the theoretically liquid core would fall into the black hole. However, the energy released by falling into the black hole would create pressure that limits the rate of matter entering the black hole. I have no idea how fast or slow this would be. The earth might be stable like this for many, many years as the earth's core falls into the black hole while being repelled by the energy released. Or the entire earth might collapse into the black hole as fast as it can fall.