acid base - What are the products of the dissociation of sodium bicarbonate in water? What is the relative pH of the solution?

I had a recent question on a test that asked what the products would be if sodium hydrogen carbonate were dissolved in water. I had a few candidate answers

1. $\displaystyle\ce{NaHCO3 -> Na+ + HCO3-}$, but that one doesn't involve water at all


2. $\displaystyle\ce{NaHCO3 + H2O -> Na+ + OH- + H2CO3}$, but doesn't $\ce{H2CO3}$ decompose into $\ce{H2O + CO2}$?


3. $\displaystyle\ce{NaHCO3 + H2O -> Na+ + OH- + H2O + CO2}$, but that has water on both sides of the equation.

Part two of the question asked whether the solution would be acidic, basic, or neutral. What is the proper reaction for this?