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  <xsd:element id="fmfg_ForeclosureOfLoanReceivable" name="ForeclosureOfLoanReceivable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="fmfg_GovernmentDepositsAndSecuritiesSoldUnderRepurchaseAgreementMember" name="GovernmentDepositsAndSecuritiesSoldUnderRepurchaseAgreementMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="fmfg_ImpairedLoansMember" name="ImpairedLoansMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_IncomeLossFromContinuingOperationsBeforeEquityMethodInvestmentsNoncontrollingInterest" name="IncomeLossFromContinuingOperationsBeforeEquityMethodInvestmentsNoncontrollingInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_IncreaseDecreaseInBankOwnedLifeInsuranceCashSurrenderValue" name="IncreaseDecreaseInBankOwnedLifeInsuranceCashSurrenderValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_IncreaseDecreaseInMortgageLoansHeldforsaleExcludingCollectionOfMortgageLoansHeldforsale" name="IncreaseDecreaseInMortgageLoansHeldforsaleExcludingCollectionOfMortgageLoansHeldforsale" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_IntangibleAssetsNetIncludingGoodwillAmortizationAndImpairment" name="IntangibleAssetsNetIncludingGoodwillAmortizationAndImpairment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_InterestBearingDepositsFairValueDisclosure" name="InterestBearingDepositsFairValueDisclosure" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
  <xsd:element id="fmfg_InterestIncomeFromFederalFundssOldAndOtherInterestEarningAssets" name="InterestIncomeFromFederalFundssOldAndOtherInterestEarningAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_InterestbearingDepositLiabilitiesCertificatesOfDepositPremium" name="InterestbearingDepositLiabilitiesCertificatesOfDepositPremium" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
  <xsd:element abstract="true" id="fmfg_LeaseForCarrollLutheranVillageBranchMember" name="LeaseForCarrollLutheranVillageBranchMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_LesseeOperatingLeaseAdditionalRenewalTermNumber" name="LesseeOperatingLeaseAdditionalRenewalTermNumber" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant"/>
  <xsd:element id="fmfg_LesseeOperatingLeaseNumberOfRenewalTerms" name="LesseeOperatingLeaseNumberOfRenewalTerms" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant"/>
  <xsd:element abstract="true" id="fmfg_LoanToFundMergerConsiderationMember" name="LoanToFundMergerConsiderationMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_LoansAcquiredAccretableYield" name="LoansAcquiredAccretableYield" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
  <xsd:element id="fmfg_LoansAcquiredOutstandingBalance" name="LoansAcquiredOutstandingBalance" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
  <xsd:element id="fmfg_LongTermDebtMaturitiesRepaymentsOfPrincipalInElevenYears" name="LongTermDebtMaturitiesRepaymentsOfPrincipalInElevenYears" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
  <xsd:element id="fmfg_LongTermDebtMaturitiesRepaymentsOfPrincipalInTenYears" name="LongTermDebtMaturitiesRepaymentsOfPrincipalInTenYears" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
  <xsd:element id="fmfg_LongtermDebtPrincipalPaymentNet" name="LongtermDebtPrincipalPaymentNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="fmfg_NonaccrualLoansMember" name="NonaccrualLoansMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_NoncashCompensation" name="NoncashCompensation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_NoninterestBearingDepositsFairValueDisclosure" name="NoninterestBearingDepositsFairValueDisclosure" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
  <xsd:element abstract="true" id="fmfg_NotRatedMember" name="NotRatedMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="fmfg_NoteToFinancialStatementDetailsTextual" name="NoteToFinancialStatementDetailsTextual" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="fmfg_NotesToFinancialStatements" name="NotesToFinancialStatements" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="fmfg_NotesToFinancialStatementsAbstract" name="NotesToFinancialStatementsAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_NumberOfEmployeesCoveredByLifeInsurancePolicy" name="NumberOfEmployeesCoveredByLifeInsurancePolicy" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant"/>
  <xsd:element id="fmfg_NumberOfEmployeesParticipatingInPlan" name="NumberOfEmployeesParticipatingInPlan" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant"/>
  <xsd:element abstract="true" id="fmfg_OperatingLeaseForCertainFacilitiesOfGreenmountBranchMember" name="OperatingLeaseForCertainFacilitiesOfGreenmountBranchMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="fmfg_OperatingLeaseForHampsteadBranchMember" name="OperatingLeaseForHampsteadBranchMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="fmfg_OperatingLeaseForTheCorporateHeadquartersMember" name="OperatingLeaseForTheCorporateHeadquartersMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesRealizedLosses" name="OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesRealizedLosses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_OtherRealEstateOwnedFairValueDisclosure" name="OtherRealEstateOwnedFairValueDisclosure" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
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  <xsd:element id="fmfg_PaymentsForBankOwnedLifeInsurance" name="PaymentsForBankOwnedLifeInsurance" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_PaymentsForEquitySecuritiesDividendReinvested" name="PaymentsForEquitySecuritiesDividendReinvested" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_PaymentsForProceedsFromLoansMadeToCustomersNetOfPrincipalCollected" name="PaymentsForProceedsFromLoansMadeToCustomersNetOfPrincipalCollected" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
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  <xsd:element abstract="true" id="fmfg_PolicyTable" name="PolicyTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_PostageDeliveryAndArmoredCarrierExpense" name="PostageDeliveryAndArmoredCarrierExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_ProceedsFromFederalReserveBankAdvances" name="ProceedsFromFederalReserveBankAdvances" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_ProceedsFromPaymentsForFederalHomeLoanBankAdvances" name="ProceedsFromPaymentsForFederalHomeLoanBankAdvances" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
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  <xsd:element id="fmfg_ProvisionForLoanLeaseAndOtherLossesIncludingUnfundedCommitments" name="ProvisionForLoanLeaseAndOtherLossesIncludingUnfundedCommitments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
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  <xsd:element abstract="true" id="fmfg_SBAPoolsMember" name="SBAPoolsMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_ScheduleOfComponentsOfLeaseAssetsAndLiabilitiesTableTextBlock" name="ScheduleOfComponentsOfLeaseAssetsAndLiabilitiesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType" xbrli:periodType="duration"/>
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  <xsd:element id="fmfg_ScheduleOfIncomeTaxesPaidTableTextBlock" name="ScheduleOfIncomeTaxesPaidTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="fmfg_SecuritiesCalledAtAPremiumMember" name="SecuritiesCalledAtAPremiumMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="fmfg_TaxYear20162017And2018Member" name="TaxYear20162017And2018Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
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  <xsd:element abstract="true" id="fmfg_The2023EquityCompensationPlanMember" name="The2023EquityCompensationPlanMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
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  <xsd:element abstract="true" id="fmfg_UnsecuredLineOfCreditMember" name="UnsecuredLineOfCreditMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element id="fmfg_WriteDownOfOtherRealEstateOwned" name="WriteDownOfOtherRealEstateOwned" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="fmfg_statement-statement-insider-trading-policy" name="statement-statement-insider-trading-policy" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
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  <xsd:element abstract="true" id="fmfg_statement-statement-note-11-income-taxes-schedule-of-pretax-income-details" name="statement-statement-note-11-income-taxes-schedule-of-pretax-income-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
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  <xsd:element abstract="true" id="fmfg_statement-statement-note-12-stockbased-compensation-summary-of-restricted-stock-unit-activity-details" name="statement-statement-note-12-stockbased-compensation-summary-of-restricted-stock-unit-activity-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
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  <xsd:element abstract="true" id="fmfg_statement-statement-note-17-parent-company-financial-information-statements-of-cash-flows-details" name="statement-statement-note-17-parent-company-financial-information-statements-of-cash-flows-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="fmfg_statement-statement-note-17-parent-company-financial-information-statements-of-income-details" name="statement-statement-note-17-parent-company-financial-information-statements-of-income-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="fmfg_statement-statement-note-17-parent-company-financial-information-tables" name="statement-statement-note-17-parent-company-financial-information-tables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
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</xsd:schema>
