Concentrations of Credit Risk. While maintaining a diversified portfolio, Republic is dependent on the economic conditions affecting the Miami - Dade County, Florida market and that of Central and South America, its primary source of international lending activity. The investment and loan portfolio credit risk concentration is as described in Notes 2, 3 and 11. Diversification is managed through asset/liability management policies with limitations for exposures to individual debtor entities and for country risk exposure.
Concentrations of Credit Risk. Financial instruments that potentially subject us to concentrations of credit risk consist of cash and cash equivalents, restricted cash and accounts receivable. We maintain our cash and cash equivalents and restricted cash in bank deposit accounts that frequently exceed federally insured limits. We have not experienced any losses in such accounts and do not believe we are exposed to any significant risk. Accounts receivable primarily comprise amounts due for the gathering, compression, treating and processing services we provide to our customers and also the sale of natural gas liquids resulting from our processing services. This industry concentration has the potential to impact our overall exposure to credit risk, either positively or negatively, in that our customers may be similarly affected by changes in economic, industry or other conditions. We monitor the creditworthiness of our counterparties and can require letters of credit or other forms of credit assurance for receivables from counterparties that are judged to have substandard credit, unless the credit risk can otherwise be mitigated. Our top five customers or counterparties accounted for 49% of total accounts receivable as of March 31, 2020, compared with 46% as of December 31, 2019.
Concentrations of Credit Risk. Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and trade accounts receivable. The Company maintains cash and cash equivalents with various financial institutions. These financial institutions are located in different parts of the world, and the Company’s policy is designed to limit exposure to any one institution. The Company performs periodic evaluations of the relative credit standing of these financial institutions. The Company does not require collateral on these financial instruments. Concentrations of credit risk with respect to trade accounts receivable are limited due to the large number of entities comprising the Company’s customer base. The Company does not require collateral for trade accounts receivable. Fair Value The following methods and assumptions were used in estimating fair value disclosures for financial instruments: Cash and cash equivalents: The carrying amount reported in the balance sheets for cash and cash equivalents approximates fair value.
Concentrations of Credit Risk. Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and trade accounts receivable. The Company maintains cash and cash equivalents with various financial institutions. These financial institutions are located in different parts of the world, and the Company’s policy is designed to limit exposure to any one institution. The Company performs periodic evaluations of the relative credit standing of these financial institutions. The Company does not require collateral on these financial instruments. Concentrations of credit risk with respect to trade accounts receivable are limited due to the large number of entities comprising the Company’s customer base. The Company does not require collateral for trade accounts receivable. Accounts receivable from one customer exceeds 10% of consolidated accounts receivable at December 31, 2008. In 2008, 2007, and 2006, the Company had sales to one customer that comprised 11%, 13% and 10%, respectively of our global net sales. Fair Value The following methods and assumptions were used in estimating fair value disclosures for financial instruments: Cash and cash equivalents: The carrying amount reported in the balance sheets for cash and cash equivalents approximates fair value.
Concentrations of Credit Risk. The companies maintain cash balances in commercial banks and brokerage money market accounts where at times the balances may exceed the FDIC insurance coverage levels. As of December 31, 2010, the Companies cash balances that were uninsured by the FDIC were $534,643. Two customers accounted for 53% of net sales for the year ended December 31, 2010. Accounts receivable from these customers aggregated $1,561,661 at December 31, 2010. Two customers accounted for 62% of net sales for the year ended December 31, 2009. Accounts receivable from these customers aggregated $2,248,985 at December 31, 2009.
Concentrations of Credit Risk. Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of temporary cash investments and trade accounts receivable. The Company maintains cash balances at a financial institution in Dallas Texas. Accounts at these institutions are secured by the Federal Deposit Insurance Corporation up to $250,000. At times, balances may exceed federally insured limits. The Company has not experienced any losses in such accounts.
Concentrations of Credit Risk. The Company originates primarily commercial, residential, and consumer loans to customers in its primary market areas. The ability of the majority of the Company’s customers to honor their contractual loan obligations is dependent on the economy in these areas. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Concentrations of Credit Risk. Financial instruments that potentially subject the Organization to concentrations of credit risk consist principally of cash and cash equivalents. The Organization maintains its cash and cash equivalents in various bank accounts that, at times, may exceed federally insured limits. The Organization’s cash and cash equivalent accounts have been placed with high credit quality financial institutions. Deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per institution. The Organization has not experienced, nor does it anticipate, any losses with respect to such accounts.
Concentrations of Credit Risk. The Company’s cash accounts at its banks are insured by the FDIC for up to $250,000. Occasionally, the Company’s cash balances exceed these insured amounts. At March 31, 2010 and December 31, 2009, the Company’s cash balance in its bank accounts exceeded the insured amounts by $218,650 and $153,207, respectively.
