(5) Premises and Equipment  (6) Deposits  incurred on loans previously sold where a breach of the contractual representations and warranties occurred. Because the  level of mortgage repurchase losses depends upon economic factors, investor demand strategies and other external  conditions that may change over the life of the underlying loans, mortgage repurchase losses are difficult to estimate and  require considerable judgment. The Company did not make any provisions against the reserve during 2012 compared to a  $650,000 provision during 2011. Actual losses during 2012 and 2011, which were charged against the reserve, were  $82,000 and $170,000, respectively. As of December 31, 2012, the Company did not have any outstanding mortgage  repurchase requests.  The Company had loans to directors and officers, and to affiliated parties, at December 31, 2012 and 2011, which  carry terms similar to those for other loans. Management believes such outstanding loans do not represent more than a  normal risk of collection. A summary of such loans is as follows:  Premises and equipment consisted of the following:  Depreciation expense for the years ended December 31, 2012, 2011 and 2010 was $953,000 $881,000, and  $972,000, respectively and was included in occupancy and equipment on the consolidated statements of earnings.  The following table presents the maturities of certificates of deposit at December 31, 2012:  (Dollars in thousands) Balance at December 31, 2011 9,881 $ New loans 5,491 Repayments (5,852) Balance at December 31, 2012 9,520 $ (Dollars in thousands) Estimated useful lives 2012 2011 Land Indefinite 3,840 $ 3,758 $ Office buildings and improvements 10 - 50 years 14,045 13,655 Furniture and equipment 3 - 15 years 7,530 7,131 Automobiles 2 - 5 years 363 355 Total premises and equipment 25,778 24,899 Accumulated depreciation (10,811) (10,207) Total premises and equipment, net 14,967 $ 14,692 $ As of December 31, (Dollars in thousands) Year Amount 2013  $ 115,763  2014 29,370  2015 8,944  2016 6,626  2017 10,123  Thereafter 109  Total   $ 170,935  83 