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Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Assumptions to Determine Estimated Fair Value of Converted Stock Options The following table presents the ranges and weighted averages of assumptions used to determine the estimated fair value of the converted stock options in the Bay Banks Merger.

 

 

As of January 31, 2021

 

 

Range

 

Weighted-average

Risk free interest rate (U.S. Treasury)

 

0.06% - 0.45%

 

0.32%

Expected term (years)

 

0.14 - 5.00

 

3.89

Expected volatility

 

21.2% - 38.2%

 

32.8%

Expected dividend yield

 

2.85%

 

2.85%