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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecuritiesAbstract" xlink:to="us-gaap_MarketableSecuritiesAbstract_lbl_f8ef3b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketableSecuritiesAbstract_lbl_f8ef3b" xml:lang="en-US">Securities:</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtSecurities" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtSecurities_lbl_4d8688" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtSecurities_lbl_4d8688" xml:lang="en-US">Available for sale, at fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherInvestments" xlink:label="us-gaap_OtherInvestments" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherInvestments" xlink:to="us-gaap_OtherInvestments_lbl_1466ca" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherInvestments_lbl_1466ca" xml:lang="en-US">Other investments, at cost</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LoansHeldForSaleFairValueDisclosure" xlink:label="us-gaap_LoansHeldForSaleFairValueDisclosure" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansHeldForSaleFairValueDisclosure" xlink:to="us-gaap_LoansHeldForSaleFairValueDisclosure_lbl_7f0b20" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansHeldForSaleFairValueDisclosure_lbl_7f0b20" xml:lang="en-US">Loans held for sale, at fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_LoansHeldForInvestmentNetOfDeferredFeesAndCosts" xlink:label="fmbm_LoansHeldForInvestmentNetOfDeferredFeesAndCosts" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LoansHeldForInvestmentNetOfDeferredFeesAndCosts" xlink:to="fmbm_LoansHeldForInvestmentNetOfDeferredFeesAndCosts_lbl_2fa071" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_LoansHeldForInvestmentNetOfDeferredFeesAndCosts_lbl_2fa071" xml:lang="en-US">Loans held for investment, net of deferred fees and costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AllowanceForCreditLossesOnLoansHeldForInvestment" xlink:to="fmbm_AllowanceForCreditLossesOnLoansHeldForInvestment_lbl_63cd87" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="fmbm_AllowanceForCreditLossesOnLoansHeldForInvestment_lbl_63cd87" xml:lang="en-US">Less: allowance for credit losses</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AllowanceForCreditLossesOnLoansHeldForInvestment" xlink:label="fmbm_AllowanceForCreditLossesOnLoansHeldForInvestment" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AllowanceForCreditLossesOnLoansHeldForInvestment" xlink:to="fmbm_AllowanceForCreditLossesOnLoansHeldForInvestment_lbl_12" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AllowanceForCreditLossesOnLoansHeldForInvestment_lbl_12" xml:lang="en-US">[Less: allowance for credit losses]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:to="us-gaap_LoansAndLeasesReceivableNetReportedAmount_lbl_41e8fc" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmount_lbl_41e8fc" xml:lang="en-US">Net loans held for investment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmount" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:to="us-gaap_LoansAndLeasesReceivableNetReportedAmount_lbl_13" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmount_lbl_13" xml:lang="en-US">[Loans and Leases Receivable, Net Amount]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="us-gaap_PropertyPlantAndEquipmentNet" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_lbl_430cb6" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl_430cb6" xml:lang="en-US">Bank premises and equipment, net</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestReceivable" xlink:label="us-gaap_InterestReceivable" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestReceivable" xlink:to="us-gaap_InterestReceivable_lbl_09e22a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestReceivable_lbl_09e22a" xml:lang="en-US">Interest receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Goodwill" xlink:label="us-gaap_Goodwill" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Goodwill" xlink:to="us-gaap_Goodwill_lbl_f334d8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Goodwill_lbl_f334d8" xml:lang="en-US">Goodwill</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BankOwnedLifeInsurance" xlink:label="us-gaap_BankOwnedLifeInsurance" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BankOwnedLifeInsurance" xlink:to="us-gaap_BankOwnedLifeInsurance_lbl_ea7ff9" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BankOwnedLifeInsurance_lbl_ea7ff9" xml:lang="en-US">Bank owned life insurance</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DeferredIncomeTaxAssetsNet" xlink:label="us-gaap_DeferredIncomeTaxAssetsNet" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxAssetsNet" xlink:to="us-gaap_DeferredIncomeTaxAssetsNet_lbl_37300f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxAssetsNet_lbl_37300f" xml:lang="en-US">Deferred tax asset, net</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherAssets" xlink:label="us-gaap_OtherAssets" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssets" xlink:to="us-gaap_OtherAssets_lbl_ce8bab" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssets_lbl_ce8bab" xml:lang="en-US">Other assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl_eaf878" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Assets_lbl_eaf878" xml:lang="en-US">Total Assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl_20" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_lbl_20" xml:lang="en-US">[Assets]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LiabilitiesAbstract" xlink:label="us-gaap_LiabilitiesAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAbstract" xlink:to="us-gaap_LiabilitiesAbstract_lbl_b4d605" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAbstract_lbl_b4d605" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DepositsAbstract" xlink:label="us-gaap_DepositsAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepositsAbstract" xlink:to="us-gaap_DepositsAbstract_lbl_804248" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepositsAbstract_lbl_804248" xml:lang="en-US">Deposits:</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NoninterestBearingDepositLiabilities" xlink:label="us-gaap_NoninterestBearingDepositLiabilities" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoninterestBearingDepositLiabilities" xlink:to="us-gaap_NoninterestBearingDepositLiabilities_lbl_778e81" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoninterestBearingDepositLiabilities_lbl_778e81" xml:lang="en-US">Noninterest bearing</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestBearingDepositLiabilities" xlink:label="us-gaap_InterestBearingDepositLiabilities" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestBearingDepositLiabilities" xlink:to="us-gaap_InterestBearingDepositLiabilities_lbl_2f392a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestBearingDepositLiabilities_lbl_2f392a" xml:lang="en-US">Interest bearing</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Deposits" xlink:to="us-gaap_Deposits_lbl_3c2471" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Deposits_lbl_3c2471" xml:lang="en-US">Total deposits</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Deposits" xlink:label="us-gaap_Deposits" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Deposits" xlink:to="us-gaap_Deposits_lbl_25" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Deposits_lbl_25" xml:lang="en-US">[Deposits]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebt" xlink:label="us-gaap_LongTermDebt" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebt" xlink:to="us-gaap_LongTermDebt_lbl_70c62f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebt_lbl_70c62f" xml:lang="en-US">Long-term debt</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherLiabilities" xlink:label="us-gaap_OtherLiabilities" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilities" xlink:to="us-gaap_OtherLiabilities_lbl_2b92b4" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherLiabilities_lbl_2b92b4" xml:lang="en-US">Other liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl_9b8a70" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Liabilities_lbl_9b8a70" xml:lang="en-US">Total Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl_28" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Liabilities_lbl_28" xml:lang="en-US">[Liabilities]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="us-gaap_CommitmentsAndContingencies" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="us-gaap_CommitmentsAndContingencies_lbl_24e156" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingencies_lbl_24e156" xml:lang="en-US">Commitments and contingencies</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="us-gaap_StockholdersEquityAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract_lbl_c46a0e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityAbstract_lbl_c46a0e" xml:lang="en-US">Shareholders' Equity</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue_lbl_2867a4" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockValue_lbl_2867a4" xml:lang="en-US">Common stock, $5 par value, 6,000,000 shares authorized, 3,551,661 (2026) and 3,525,884 (2025) shares issued and outstanding</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesHeldInEmployeeTrust" xlink:to="us-gaap_CommonStockSharesHeldInEmployeeTrust_lbl_28411b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_CommonStockSharesHeldInEmployeeTrust_lbl_28411b" xml:lang="en-US">Common stock held by deferred compensation trust, at par, 34,970 (2026) and 31,176 (2025) shares</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockSharesHeldInEmployeeTrust" xlink:label="us-gaap_CommonStockSharesHeldInEmployeeTrust" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesHeldInEmployeeTrust" xlink:to="us-gaap_CommonStockSharesHeldInEmployeeTrust_lbl_32" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesHeldInEmployeeTrust_lbl_32" xml:lang="en-US">[Common Stock, Shares Held in Employee Trust]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="us-gaap_AdditionalPaidInCapital" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapital" xlink:to="us-gaap_AdditionalPaidInCapital_lbl_927b89" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapital_lbl_927b89" xml:lang="en-US">Additional paid in capital</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AdditionalPaidInCapitalAttributedToEmployeeCompensationTrust" xlink:label="fmbm_AdditionalPaidInCapitalAttributedToEmployeeCompensationTrust" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AdditionalPaidInCapitalAttributedToEmployeeCompensationTrust" xlink:to="fmbm_AdditionalPaidInCapitalAttributedToEmployeeCompensationTrust_lbl_541382" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AdditionalPaidInCapitalAttributedToEmployeeCompensationTrust_lbl_541382" xml:lang="en-US">Additional paid in capital attributed to deferred compensation trust</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl_36" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl_36" xml:lang="en-US">[Accumulated Other Comprehensive Income (Loss), Net of Tax]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl_52daaf" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquity_lbl_52daaf" xml:lang="en-US">Total Shareholders' Equity</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl_37" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquity_lbl_37" xml:lang="en-US">[Equity, Attributable to Parent]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl_bfcba8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl_bfcba8" xml:lang="en-US">Total Liabilities and Shareholders' Equity</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl_38" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl_38" xml:lang="en-US">[Liabilities and Equity]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_lbl_4fa72b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl_4fa72b" xml:lang="en-US">Common stock, shares par value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl_119573" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl_119573" xml:lang="en-US">Common stock, shares authorized</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl_1aa6c0" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesIssued_lbl_1aa6c0" xml:lang="en-US">Common stock, shares issued</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl_9565ab" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl_9565ab" xml:lang="en-US">Common stock, shares outstanding</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_CommonStockSharesHeldInTreasury" xlink:label="fmbm_CommonStockSharesHeldInTreasury" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_CommonStockSharesHeldInTreasury" xlink:to="fmbm_CommonStockSharesHeldInTreasury_lbl_0cdf4a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_CommonStockSharesHeldInTreasury_lbl_0cdf4a" xml:lang="en-US">Common Stock Shares Held in Treasury</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl_52559a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementAbstract_lbl_52559a" xml:lang="en-US">Consolidated Statements of Income (Unaudited)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestAndDividendIncomeOperatingAbstract" xlink:label="us-gaap_InterestAndDividendIncomeOperatingAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDividendIncomeOperatingAbstract" xlink:to="us-gaap_InterestAndDividendIncomeOperatingAbstract_lbl_5aa882" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestAndDividendIncomeOperatingAbstract_lbl_5aa882" xml:lang="en-US">Interest and Dividend income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio" xlink:label="us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio" xlink:to="us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio_lbl_bd95eb" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio_lbl_bd95eb" xml:lang="en-US">Interest and fees on loans held for investment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestAndFeeIncomeOtherLoansHeldForSale" xlink:label="us-gaap_InterestAndFeeIncomeOtherLoansHeldForSale" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndFeeIncomeOtherLoansHeldForSale" xlink:to="us-gaap_InterestAndFeeIncomeOtherLoansHeldForSale_lbl_8e2b47" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestAndFeeIncomeOtherLoansHeldForSale_lbl_8e2b47" xml:lang="en-US">Interest and fees on loans held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestIncomeFederalFundsSold" xlink:label="us-gaap_InterestIncomeFederalFundsSold" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeFederalFundsSold" xlink:to="us-gaap_InterestIncomeFederalFundsSold_lbl_822be8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestIncomeFederalFundsSold_lbl_822be8" xml:lang="en-US">Interest from federal funds sold</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentIncomeNet" xlink:label="us-gaap_InvestmentIncomeNet" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeNet" xlink:to="us-gaap_InvestmentIncomeNet_lbl_750c70" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentIncomeNet_lbl_750c70" xml:lang="en-US">Interest and dividends on interest bearing deposits and other investments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestAndOtherIncome" xlink:label="us-gaap_InterestAndOtherIncome" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndOtherIncome" xlink:to="us-gaap_InterestAndOtherIncome_lbl_bb5a02" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestAndOtherIncome_lbl_bb5a02" xml:lang="en-US">Interest from debt securities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDividendIncomeOperating" xlink:to="us-gaap_InterestAndDividendIncomeOperating_lbl_2ae871" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl_2ae871" xml:lang="en-US">Total interest and dividend income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestAndDividendIncomeOperating" xlink:label="us-gaap_InterestAndDividendIncomeOperating" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDividendIncomeOperating" xlink:to="us-gaap_InterestAndDividendIncomeOperating_lbl_8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl_8" xml:lang="en-US">[Interest and Dividend Income, Operating]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestExpenseAbstract" xlink:label="us-gaap_InterestExpenseAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseAbstract" xlink:to="us-gaap_InterestExpenseAbstract_lbl_97d1da" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseAbstract_lbl_97d1da" xml:lang="en-US">Interest expense</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestExpenseDeposits" xlink:label="us-gaap_InterestExpenseDeposits" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseDeposits" xlink:to="us-gaap_InterestExpenseDeposits_lbl_cf6929" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseDeposits_lbl_cf6929" xml:lang="en-US">Total interest on deposits</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestExpenseShortTermBorrowings" xlink:label="us-gaap_InterestExpenseShortTermBorrowings" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseShortTermBorrowings" xlink:to="us-gaap_InterestExpenseShortTermBorrowings_lbl_ab07b6" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseShortTermBorrowings_lbl_ab07b6" xml:lang="en-US">Interest on short-term debt</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseLongTermDebt_lbl_56857a" xml:lang="en-US">Interest on long-term debt</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl_2bd306" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InterestExpense_lbl_2bd306" xml:lang="en-US">Total interest expense</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestExpense" xlink:label="us-gaap_InterestExpense" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl_13" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpense_lbl_13" xml:lang="en-US">[Interest Expense, Operating and Nonoperating]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeExpenseNet" xlink:to="us-gaap_InterestIncomeExpenseNet_lbl_c10b60" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InterestIncomeExpenseNet_lbl_c10b60" xml:lang="en-US">Net interest income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestIncomeExpenseNet" xlink:label="us-gaap_InterestIncomeExpenseNet" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeExpenseNet" xlink:to="us-gaap_InterestIncomeExpenseNet_lbl_14" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestIncomeExpenseNet_lbl_14" xml:lang="en-US">[Interest Income (Expense), Operating]</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProvisionForOtherCreditLosses" xlink:label="us-gaap_ProvisionForOtherCreditLosses" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvisionForLoanLeaseAndOtherLosses" xlink:to="us-gaap_ProvisionForLoanLeaseAndOtherLosses_lbl_7e7662" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ProvisionForLoanLeaseAndOtherLosses_lbl_7e7662" xml:lang="en-US">Total Provision for Credit Losses</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_lbl_9e9c06" xml:lang="en-US">Net Interest Income After Provision for Credit Losses</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_lbl_18" xml:lang="en-US">[Interest Income (Expense), after Provision for Loan Loss]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NoninterestIncomeAbstract" xlink:label="us-gaap_NoninterestIncomeAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoninterestIncomeAbstract" xlink:to="us-gaap_NoninterestIncomeAbstract_lbl_50513d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoninterestIncomeAbstract_lbl_50513d" xml:lang="en-US">Noninterest income</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_NoninterestIncomeFromServiceChargesOnDeposits" xlink:label="fmbm_NoninterestIncomeFromServiceChargesOnDeposits" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_NoninterestIncomeFromServiceChargesOnDeposits" xlink:to="fmbm_NoninterestIncomeFromServiceChargesOnDeposits_lbl_42fbec" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_NoninterestIncomeFromServiceChargesOnDeposits_lbl_42fbec" xml:lang="en-US">Service charges on deposit accounts</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_NoninterestIncomeFromWealthManagementIncome" xlink:label="fmbm_NoninterestIncomeFromWealthManagementIncome" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_NoninterestIncomeFromWealthManagementIncome" xlink:to="fmbm_NoninterestIncomeFromWealthManagementIncome_lbl_3fcb93" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_NoninterestIncomeFromWealthManagementIncome_lbl_3fcb93" xml:lang="en-US">Wealth management income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FeesAndCommissionsMortgageBankingAndServicing" xlink:label="us-gaap_FeesAndCommissionsMortgageBankingAndServicing" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FeesAndCommissionsMortgageBankingAndServicing" xlink:to="us-gaap_FeesAndCommissionsMortgageBankingAndServicing_lbl_343101" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FeesAndCommissionsMortgageBankingAndServicing_lbl_343101" xml:lang="en-US">Mortgage banking income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InsuranceInvestmentIncome" xlink:label="us-gaap_InsuranceInvestmentIncome" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InsuranceInvestmentIncome" xlink:to="us-gaap_InsuranceInvestmentIncome_lbl_e4c797" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InsuranceInvestmentIncome_lbl_e4c797" xml:lang="en-US">Title insurance income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BankOwnedLifeInsuranceIncome" xlink:label="us-gaap_BankOwnedLifeInsuranceIncome" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BankOwnedLifeInsuranceIncome" xlink:to="us-gaap_BankOwnedLifeInsuranceIncome_lbl_b68301" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BankOwnedLifeInsuranceIncome_lbl_b68301" xml:lang="en-US">Income on bank owned life insurance</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_NoninterestIncomeFromLowIncomeHousingPartnershipLosses" xlink:label="fmbm_NoninterestIncomeFromLowIncomeHousingPartnershipLosses" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_NoninterestIncomeFromLowIncomeHousingPartnershipLosses" xlink:to="fmbm_NoninterestIncomeFromLowIncomeHousingPartnershipLosses_lbl_818121" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_NoninterestIncomeFromLowIncomeHousingPartnershipLosses_lbl_818121" xml:lang="en-US">Low income housing partnership amortization</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_NoninterestIncomeFromATMAndCheckCardFees" xlink:label="fmbm_NoninterestIncomeFromATMAndCheckCardFees" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_NoninterestIncomeFromATMAndCheckCardFees" xlink:to="fmbm_NoninterestIncomeFromATMAndCheckCardFees_lbl_cc3abe" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_NoninterestIncomeFromATMAndCheckCardFees_lbl_cc3abe" xml:lang="en-US">ATM and check card fees</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GainLossOnSaleOfInvestments" xlink:label="us-gaap_GainLossOnSaleOfInvestments" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfInvestments" xlink:to="us-gaap_GainLossOnSaleOfInvestments_lbl_fa53d9" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnSaleOfInvestments_lbl_fa53d9" xml:lang="en-US">Gain on sale of Bearing Insurance investment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_MarketableSecuritiesUnrealizedGainLoss" xlink:label="us-gaap_MarketableSecuritiesUnrealizedGainLoss" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecuritiesUnrealizedGainLoss" xlink:to="us-gaap_MarketableSecuritiesUnrealizedGainLoss_lbl_6ecf19" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketableSecuritiesUnrealizedGainLoss_lbl_6ecf19" xml:lang="en-US">Losses on sale of securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherOperatingIncome" xlink:label="us-gaap_OtherOperatingIncome" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherOperatingIncome" xlink:to="us-gaap_OtherOperatingIncome_lbl_4222b7" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherOperatingIncome_lbl_4222b7" xml:lang="en-US">Other operating income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoninterestIncome" xlink:to="us-gaap_NoninterestIncome_lbl_84455c" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NoninterestIncome_lbl_84455c" xml:lang="en-US">Total noninterest income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NoninterestIncome" xlink:label="us-gaap_NoninterestIncome" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoninterestIncome" xlink:to="us-gaap_NoninterestIncome_lbl_30" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoninterestIncome_lbl_30" xml:lang="en-US">[Noninterest Income]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NoninterestExpenseAbstract" xlink:label="us-gaap_NoninterestExpenseAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoninterestExpenseAbstract" xlink:to="us-gaap_NoninterestExpenseAbstract_lbl_671020" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoninterestExpenseAbstract_lbl_671020" xml:lang="en-US">Noninterest expense</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SalariesWagesAndOfficersCompensation" xlink:label="us-gaap_SalariesWagesAndOfficersCompensation" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalariesWagesAndOfficersCompensation" xlink:to="us-gaap_SalariesWagesAndOfficersCompensation_lbl_b5be51" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SalariesWagesAndOfficersCompensation_lbl_b5be51" xml:lang="en-US">Salaries</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EmployeeBenefitsAndShareBasedCompensation" xlink:label="us-gaap_EmployeeBenefitsAndShareBasedCompensation" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeBenefitsAndShareBasedCompensation" xlink:to="us-gaap_EmployeeBenefitsAndShareBasedCompensation_lbl_6c228f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmployeeBenefitsAndShareBasedCompensation_lbl_6c228f" xml:lang="en-US">Employee benefits</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OccupancyNet" xlink:label="us-gaap_OccupancyNet" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OccupancyNet" xlink:to="us-gaap_OccupancyNet_lbl_787515" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OccupancyNet_lbl_787515" xml:lang="en-US">Occupancy expense</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquipmentExpense" xlink:label="us-gaap_EquipmentExpense" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquipmentExpense" xlink:to="us-gaap_EquipmentExpense_lbl_9ce203" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquipmentExpense_lbl_9ce203" xml:lang="en-US">Equipment expense</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FederalDepositInsuranceCorporationPremiumExpense" xlink:label="us-gaap_FederalDepositInsuranceCorporationPremiumExpense" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FederalDepositInsuranceCorporationPremiumExpense" xlink:to="us-gaap_FederalDepositInsuranceCorporationPremiumExpense_lbl_857aa2" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FederalDepositInsuranceCorporationPremiumExpense_lbl_857aa2" xml:lang="en-US">FDIC assessment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LegalFees" xlink:label="us-gaap_LegalFees" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LegalFees" xlink:to="us-gaap_LegalFees_lbl_2d615a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LegalFees_lbl_2d615a" xml:lang="en-US">Legal and professional expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_NonInterestExpenseATMAndCheckCardFees" xlink:to="fmbm_NonInterestExpenseATMAndCheckCardFees_lbl_e9fb6f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_NonInterestExpenseATMAndCheckCardFees_lbl_e9fb6f" xml:lang="en-US">ATM and check card fees</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_NonInterestExpenseATMAndCheckCardFees" xlink:label="fmbm_NonInterestExpenseATMAndCheckCardFees" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_NonInterestExpenseATMAndCheckCardFees" xlink:to="fmbm_NonInterestExpenseATMAndCheckCardFees_lbl_38" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_NonInterestExpenseATMAndCheckCardFees_lbl_38" xml:lang="en-US">[ATM and check card fees]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_NonInterestExpenseDataProcessingExpense" xlink:label="fmbm_NonInterestExpenseDataProcessingExpense" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_NonInterestExpenseDataProcessingExpense" xlink:to="fmbm_NonInterestExpenseDataProcessingExpense_lbl_96df30" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_NonInterestExpenseDataProcessingExpense_lbl_96df30" xml:lang="en-US">Data processing fees</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_UtilitiesOperatingExpenseOther" xlink:label="us-gaap_UtilitiesOperatingExpenseOther" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UtilitiesOperatingExpenseOther" xlink:to="us-gaap_UtilitiesOperatingExpenseOther_lbl_2f768f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UtilitiesOperatingExpenseOther_lbl_2f768f" xml:lang="en-US">Other operating expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoninterestExpense" xlink:to="us-gaap_NoninterestExpense_lbl_20a185" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NoninterestExpense_lbl_20a185" xml:lang="en-US">Total noninterest expense</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NoninterestExpense" xlink:label="us-gaap_NoninterestExpense" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoninterestExpense" xlink:to="us-gaap_NoninterestExpense_lbl_41" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoninterestExpense_lbl_41" xml:lang="en-US">[Noninterest Expense]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl_bc4231" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl_bc4231" xml:lang="en-US">Income before income taxes</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl_42" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl_42" xml:lang="en-US">[Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_lbl_dbf7d3" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl_dbf7d3" xml:lang="en-US">Income tax expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl_e1254e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLoss_lbl_e1254e" xml:lang="en-US">Net Income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl_44" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLoss_lbl_44" xml:lang="en-US">[Net Income (Loss) Attributable to Parent]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="us-gaap_EarningsPerShareAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_EarningsPerShareAbstract_lbl_58855e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareAbstract_lbl_58855e" xml:lang="en-US">Per Common Share Data</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EarningsPerShareBasic" xlink:label="us-gaap_EarningsPerShareBasic" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasic" xlink:to="us-gaap_EarningsPerShareBasic_lbl_3c869b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasic_lbl_3c869b" xml:lang="en-US">Net income (basic)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="us-gaap_EarningsPerShareDiluted" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareDiluted" xlink:to="us-gaap_EarningsPerShareDiluted_lbl_61d358" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareDiluted_lbl_61d358" xml:lang="en-US">Net income (diluted)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockDividendsPerShareCashPaid" xlink:label="us-gaap_CommonStockDividendsPerShareCashPaid" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockDividendsPerShareCashPaid_lbl_269d04" xml:lang="en-US">Cash dividends on common stock</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl_e1c8df" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl_e1c8df" xml:lang="en-US">Weighted average common shares outstanding (basic)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl_2068df" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl_2068df" xml:lang="en-US">Weighted average common shares outstanding (diluted)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_lbl_7af9aa" xml:lang="en-US">Consolidated Statements of Comprehensive Income (Unaudited)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl_3fbc12" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetIncomeLoss_lbl_3fbc12" xml:lang="en-US">Net Income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherComprehensiveIncomeLossTaxAbstract" xlink:label="us-gaap_OtherComprehensiveIncomeLossTaxAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossTaxAbstract_lbl_16cdd9" xml:lang="en-US">Other comprehensive income:</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_lbl_9c91ea" xml:lang="en-US">Changes in pension plan benefits, net of deferred income tax benefit ($2) for the six months ended June 30, 2026</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_lbl_4" xml:lang="en-US">[Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_lbl_445cf0" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_lbl_445cf0" xml:lang="en-US">Unrealized gain on available-for sale securities, net of income tax expense of $492 and $369 for the three months and $339 and $1,251 for the six months ended June 30, 2026 and 2025, respectively</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_lbl_ab62c1" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_lbl_ab62c1" xml:lang="en-US">Reclassification for loss included in net income, net of income tax benefit ($727) for the three and six months ended June 30, 2026</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl_25efae" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl_25efae" xml:lang="en-US">Total other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl_7" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl_7" xml:lang="en-US">[Other Comprehensive Income (Loss), Net of Tax]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTax" xlink:to="us-gaap_ComprehensiveIncomeNetOfTax_lbl_ff8a40" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl_ff8a40" xml:lang="en-US">Total comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTax" xlink:to="us-gaap_ComprehensiveIncomeNetOfTax_lbl_8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl_8" xml:lang="en-US">[Comprehensive Income (Loss), Net of Tax, Attributable to Parent]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="us-gaap_StatementOfStockholdersEquityAbstract_lbl_a2013d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl_a2013d" xml:lang="en-US">Consolidated Statements of Changes in Shareholders Equity (Unaudited)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" />
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    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_DeferredCompensationTrustMember" xlink:label="fmbm_DeferredCompensationTrustMember" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SharesIssued" xlink:label="us-gaap_SharesIssued" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharesIssued_lbl_2" xml:lang="en-US">[Shares, Issued]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl_96211d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquity_lbl_96211d" xml:lang="en-US">Balance, amount</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetIncomeLoss_lbl_4216e5" xml:lang="en-US">Net income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl_0243f3" xlink:type="arc" />
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    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_DividendsOnCommonStock" xlink:label="fmbm_DividendsOnCommonStock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures_lbl_a6036b" xml:lang="en-US">Net restricted common stock activity, amount</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_VestingOfTimeBasedStockAwardsIssuedAtDateOfGrantNetOfSharesWithheldForPayrollTaxesAmount" xlink:label="fmbm_VestingOfTimeBasedStockAwardsIssuedAtDateOfGrantNetOfSharesWithheldForPayrollTaxesAmount" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_VestingOfTimeBasedStockAwardsIssuedAtDateOfGrantNetOfSharesWithheldForPayrollTaxesAmount" xlink:to="fmbm_VestingOfTimeBasedStockAwardsIssuedAtDateOfGrantNetOfSharesWithheldForPayrollTaxesAmount_lbl_528bc4" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_VestingOfTimeBasedStockAwardsIssuedAtDateOfGrantNetOfSharesWithheldForPayrollTaxesAmount_lbl_528bc4" xml:lang="en-US">Vesting of time based stock awards issued at date of grant, net of shares withheld for payroll taxes</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_DeferredCompensationTrustActivityShares" xlink:label="fmbm_DeferredCompensationTrustActivityShares" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_DeferredCompensationTrustActivityShares" xlink:to="fmbm_DeferredCompensationTrustActivityShares_lbl_a62bb3" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_DeferredCompensationTrustActivityShares_lbl_a62bb3" xml:lang="en-US">Deferred compensation trust activity, shares</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_DeferredCompensationTrustActivityAmount" xlink:label="fmbm_DeferredCompensationTrustActivityAmount" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_DeferredCompensationTrustActivityAmount" xlink:to="fmbm_DeferredCompensationTrustActivityAmount_lbl_2b6cfe" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_DeferredCompensationTrustActivityAmount_lbl_2b6cfe" xml:lang="en-US">Deferred compensation trust activity, amount</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_lbl_238dcd" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_lbl_238dcd" xml:lang="en-US">Stock-based compensation expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesIssued" xlink:to="us-gaap_SharesIssued_lbl_dfd699" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_SharesIssued_lbl_dfd699" xml:lang="en-US">Balance, shares</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl_62b787" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquity_lbl_62b787" xml:lang="en-US">Balance, amount</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl_7dccb6" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl_7dccb6" xml:lang="en-US">Consolidated Statements of Cash Flows (Unaudited)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl_61eded" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl_61eded" xml:lang="en-US">Cash flows from operating activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl_73b7d0" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl_73b7d0" xml:lang="en-US">Adjustments to reconcile net income to net cash provided by operating activities:</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DepreciationAndAmortization" xlink:label="us-gaap_DepreciationAndAmortization" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortization" xlink:to="us-gaap_DepreciationAndAmortization_lbl_6144e6" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationAndAmortization_lbl_6144e6" xml:lang="en-US">Depreciation and amortization</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AmortizationOfIntangibleAssets" xlink:label="us-gaap_AmortizationOfIntangibleAssets" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfIntangibleAssets" xlink:to="us-gaap_AmortizationOfIntangibleAssets_lbl_00df5b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl_00df5b" xml:lang="en-US">Amortization of intangibles</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AmortizationOfSecurities" xlink:label="fmbm_AmortizationOfSecurities" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AmortizationOfSecurities" xlink:to="fmbm_AmortizationOfSecurities_lbl_03155c" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AmortizationOfSecurities_lbl_03155c" xml:lang="en-US">Amortization of securities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesGainLoss" xlink:to="us-gaap_DebtSecuritiesGainLoss_lbl_777514" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DebtSecuritiesGainLoss_lbl_777514" xml:lang="en-US">Loss on sale of securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtSecuritiesGainLoss" xlink:label="us-gaap_DebtSecuritiesGainLoss" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesGainLoss" xlink:to="us-gaap_DebtSecuritiesGainLoss_lbl_8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesGainLoss_lbl_8" xml:lang="en-US">[Debt Securities, Gain (Loss)]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromSaleOfLoansHeldForSale" xlink:label="us-gaap_ProceedsFromSaleOfLoansHeldForSale" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfLoansHeldForSale" xlink:to="us-gaap_ProceedsFromSaleOfLoansHeldForSale_lbl_52f710" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfLoansHeldForSale_lbl_52f710" xml:lang="en-US">Proceeds from loans held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_LoansHeldForSaleOriginated" xlink:label="fmbm_LoansHeldForSaleOriginated" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LoansHeldForSaleOriginated" xlink:to="fmbm_LoansHeldForSaleOriginated_lbl_9dc715" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_LoansHeldForSaleOriginated_lbl_9dc715" xml:lang="en-US">Loans held for sale originated</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GainOnSaleOfLoansHeldForSaleOriginated" xlink:to="fmbm_GainOnSaleOfLoansHeldForSaleOriginated_lbl_efc332" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="fmbm_GainOnSaleOfLoansHeldForSaleOriginated_lbl_efc332" xml:lang="en-US">Gain on sale of loans held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_GainOnSaleOfLoansHeldForSaleOriginated" xlink:label="fmbm_GainOnSaleOfLoansHeldForSaleOriginated" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GainOnSaleOfLoansHeldForSaleOriginated" xlink:to="fmbm_GainOnSaleOfLoansHeldForSaleOriginated_lbl_11" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_GainOnSaleOfLoansHeldForSaleOriginated_lbl_11" xml:lang="en-US">[Gain on sale of loans held for sale]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvisionForLoanLeaseAndOtherLosses" xlink:to="us-gaap_ProvisionForLoanLeaseAndOtherLosses_lbl_d9c009" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ProvisionForLoanLeaseAndOtherLosses_lbl_d9c009" xml:lang="en-US">Provision for credit losses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable" xlink:to="us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_lbl_0ac057" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_lbl_0ac057" xml:lang="en-US">Increase in interest receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable" xlink:label="us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable" xlink:to="us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_lbl_13" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_lbl_13" xml:lang="en-US">[Increase (Decrease) in Interest and Dividends Receivable]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:to="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_lbl_50b137" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_lbl_50b137" xml:lang="en-US">Decrease in deferred tax asset</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:to="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_lbl_14" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_lbl_14" xml:lang="en-US">[Increase (Decrease) in Deferred Income Taxes]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherCurrentAssets" xlink:to="us-gaap_IncreaseDecreaseInOtherCurrentAssets_lbl_f0cbb6" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherCurrentAssets_lbl_f0cbb6" xml:lang="en-US">(Increase) decrease in other assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInOtherCurrentAssets" xlink:label="us-gaap_IncreaseDecreaseInOtherCurrentAssets" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherCurrentAssets" xlink:to="us-gaap_IncreaseDecreaseInOtherCurrentAssets_lbl_15" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOtherCurrentAssets_lbl_15" xml:lang="en-US">[Increase (Decrease) in Other Current Assets]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities" xlink:to="us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities_lbl_dd8bf8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities_lbl_dd8bf8" xml:lang="en-US">(Decrease) increase in other liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AmortizationOfLimitedPartnershipInvestments" xlink:label="fmbm_AmortizationOfLimitedPartnershipInvestments" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AmortizationOfLimitedPartnershipInvestments" xlink:to="fmbm_AmortizationOfLimitedPartnershipInvestments_lbl_43ba54" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AmortizationOfLimitedPartnershipInvestments_lbl_43ba54" xml:lang="en-US">Amortization of limited partnership investments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AmortizationOfFinancingCostsAndDiscounts" xlink:label="us-gaap_AmortizationOfFinancingCostsAndDiscounts" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCostsAndDiscounts" xlink:to="us-gaap_AmortizationOfFinancingCostsAndDiscounts_lbl_d50815" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfFinancingCostsAndDiscounts_lbl_d50815" xml:lang="en-US">Amortization of debt issuance costs</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ProceedsFromIncomeFromLifeInsuranceInvestment" xlink:label="fmbm_ProceedsFromIncomeFromLifeInsuranceInvestment" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ProceedsFromIncomeFromLifeInsuranceInvestment" xlink:to="fmbm_ProceedsFromIncomeFromLifeInsuranceInvestment_lbl_8ca8bf" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ProceedsFromIncomeFromLifeInsuranceInvestment_lbl_8ca8bf" xml:lang="en-US">Income from life insurance investment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfInvestments" xlink:to="us-gaap_GainLossOnSaleOfInvestments_lbl_c34897" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GainLossOnSaleOfInvestments_lbl_c34897" xml:lang="en-US">Gain on sale of Bearing Insurance investment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GainLossOnTheSaleOfAssetsHeldForSale" xlink:to="fmbm_GainLossOnTheSaleOfAssetsHeldForSale_lbl_9ba35e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="fmbm_GainLossOnTheSaleOfAssetsHeldForSale_lbl_9ba35e" xml:lang="en-US">Gain on the sale of assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_GainLossOnTheSaleOfAssetsHeldForSale" xlink:label="fmbm_GainLossOnTheSaleOfAssetsHeldForSale" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GainLossOnTheSaleOfAssetsHeldForSale" xlink:to="fmbm_GainLossOnTheSaleOfAssetsHeldForSale_lbl_21" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_GainLossOnTheSaleOfAssetsHeldForSale_lbl_21" xml:lang="en-US">[Gain on the sale of assets held for sale]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GainOnSaleOfOtherRealStateOwned" xlink:to="fmbm_GainOnSaleOfOtherRealStateOwned_lbl_cf6db7" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="fmbm_GainOnSaleOfOtherRealStateOwned_lbl_cf6db7" xml:lang="en-US">Gain on the sale of OREO</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_GainOnSaleOfOtherRealStateOwned" xlink:label="fmbm_GainOnSaleOfOtherRealStateOwned" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GainOnSaleOfOtherRealStateOwned" xlink:to="fmbm_GainOnSaleOfOtherRealStateOwned_lbl_22" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_GainOnSaleOfOtherRealStateOwned_lbl_22" xml:lang="en-US">[Gain on the sale of OREO]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_lbl_4e0986" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ShareBasedCompensation_lbl_4e0986" xml:lang="en-US">Stock-based compensation expense</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_lbl_23" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensation_lbl_23" xml:lang="en-US">[Share-Based Payment Arrangement, Noncash Expense]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl_30eee6" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl_30eee6" xml:lang="en-US">Net cash provided by operating activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl_24" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl_24" xml:lang="en-US">[Cash Provided by (Used in) Operating Activity, Including Discontinued Operation]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl_05a94a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl_05a94a" xml:lang="en-US">Cash flows from investing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments" xlink:to="us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments_lbl_54181b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments_lbl_54181b" xml:lang="en-US">Proceeds from maturity of investments available for sale</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_PaymentsToAcquireInvestmentsAvailableForSale" xlink:to="fmbm_PaymentsToAcquireInvestmentsAvailableForSale_lbl_d8d7ec" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="fmbm_PaymentsToAcquireInvestmentsAvailableForSale_lbl_d8d7ec" xml:lang="en-US">Proceeds from sales of investments available for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_PaymentsToAcquireInvestmentsAvailableForSale" xlink:label="fmbm_PaymentsToAcquireInvestmentsAvailableForSale" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_PaymentsToAcquireInvestmentsAvailableForSale" xlink:to="fmbm_PaymentsToAcquireInvestmentsAvailableForSale_lbl_27" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_PaymentsToAcquireInvestmentsAvailableForSale_lbl_27" xml:lang="en-US">[Proceeds from sales of investments available for sale]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_PurchasesOfInvestmentsAvailableForSale" xlink:label="fmbm_PurchasesOfInvestmentsAvailableForSale" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_PurchasesOfInvestmentsAvailableForSale" xlink:to="fmbm_PurchasesOfInvestmentsAvailableForSale_lbl_45a0bc" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_PurchasesOfInvestmentsAvailableForSale_lbl_45a0bc" xml:lang="en-US">Purchases of investments available for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ProceedsFromPaydownsOfMortgageBackedSecurities" xlink:label="fmbm_ProceedsFromPaydownsOfMortgageBackedSecurities" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ProceedsFromPaydownsOfMortgageBackedSecurities" xlink:to="fmbm_ProceedsFromPaydownsOfMortgageBackedSecurities_lbl_c35c86" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ProceedsFromPaydownsOfMortgageBackedSecurities_lbl_c35c86" xml:lang="en-US">Proceeds from paydowns of mortgage-backed securities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_PaymentsForProceedsFromRestrictedInvestments" xlink:to="fmbm_PaymentsForProceedsFromRestrictedInvestments_lbl_69f721" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="fmbm_PaymentsForProceedsFromRestrictedInvestments_lbl_69f721" xml:lang="en-US">Investment in restricted stock, net</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_PaymentsForProceedsFromRestrictedInvestments" xlink:label="fmbm_PaymentsForProceedsFromRestrictedInvestments" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_PaymentsForProceedsFromRestrictedInvestments" xlink:to="fmbm_PaymentsForProceedsFromRestrictedInvestments_lbl_30" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_PaymentsForProceedsFromRestrictedInvestments_lbl_30" xml:lang="en-US">[Investment in restricted stock, net]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ProceedsFromSaleOfBearingInsuranceInvestment" xlink:label="fmbm_ProceedsFromSaleOfBearingInsuranceInvestment" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ProceedsFromSaleOfBearingInsuranceInvestment" xlink:to="fmbm_ProceedsFromSaleOfBearingInsuranceInvestment_lbl_c04a21" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ProceedsFromSaleOfBearingInsuranceInvestment_lbl_c04a21" xml:lang="en-US">Proceeds from sale of Bearing Insurance investment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromInvestments" xlink:to="us-gaap_PaymentsForProceedsFromInvestments_lbl_54947f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForProceedsFromInvestments_lbl_54947f" xml:lang="en-US">Net (increase) decrease in loans held for investment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsForProceedsFromInvestments" xlink:label="us-gaap_PaymentsForProceedsFromInvestments" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromInvestments" xlink:to="us-gaap_PaymentsForProceedsFromInvestments_lbl_32" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForProceedsFromInvestments_lbl_32" xml:lang="en-US">[Payments for (Proceeds from) Investments]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment" xlink:label="us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment" xlink:to="us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment_lbl_954767" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment_lbl_954767" xml:lang="en-US">Proceeds from the sale of assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromSaleOfOtherRealEstate" xlink:label="us-gaap_ProceedsFromSaleOfOtherRealEstate" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfOtherRealEstate" xlink:to="us-gaap_ProceedsFromSaleOfOtherRealEstate_lbl_5d0ead" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfOtherRealEstate_lbl_5d0ead" xml:lang="en-US">Proceeds from the sale of OREO</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl_b69166" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl_b69166" xml:lang="en-US">Net purchase of property and equipment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl_35" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl_35" xml:lang="en-US">[Payments to Acquire Property, Plant, and Equipment]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl_898cee" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl_898cee" xml:lang="en-US">Net cash used by investing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl_36" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl_36" xml:lang="en-US">[Cash Provided by (Used in) Investing Activity, Including Discontinued Operation]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl_1783d9" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl_1783d9" xml:lang="en-US">Cash flows from financing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ProceedsFromChangeInDeposits" xlink:label="fmbm_ProceedsFromChangeInDeposits" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ProceedsFromChangeInDeposits" xlink:to="fmbm_ProceedsFromChangeInDeposits_lbl_8180c1" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ProceedsFromChangeInDeposits_lbl_8180c1" xml:lang="en-US">Net change in deposits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDividends" xlink:to="us-gaap_PaymentsOfDividends_lbl_d47f4f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsOfDividends_lbl_d47f4f" xml:lang="en-US">Dividends paid in cash</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsOfDividends" xlink:label="us-gaap_PaymentsOfDividends" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDividends" xlink:to="us-gaap_PaymentsOfDividends_lbl_39" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsOfDividends_lbl_39" xml:lang="en-US">[Payments of Dividends]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:to="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl_fd3103" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl_fd3103" xml:lang="en-US">Proceeds from issuance of common stock</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_RepurchaseOfSharesForTaxWithholding" xlink:to="fmbm_RepurchaseOfSharesForTaxWithholding_lbl_934295" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="fmbm_RepurchaseOfSharesForTaxWithholding_lbl_934295" xml:lang="en-US">Repurchase of shares for tax withholding</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_RepurchaseOfSharesForTaxWithholding" xlink:label="fmbm_RepurchaseOfSharesForTaxWithholding" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_RepurchaseOfSharesForTaxWithholding" xlink:to="fmbm_RepurchaseOfSharesForTaxWithholding_lbl_41" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_RepurchaseOfSharesForTaxWithholding_lbl_41" xml:lang="en-US">[Repurchase of shares for tax withholding]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl_f374c9" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl_f374c9" xml:lang="en-US">Net cash provided by (used by) financing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl_42" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl_42" xml:lang="en-US">[Cash Provided by (Used in) Financing Activity, Including Discontinued Operation]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_lbl_9eff5b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_lbl_9eff5b" xml:lang="en-US">Net decrease in Cash and Cash Equivalents</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_lbl_43" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_lbl_43" xml:lang="en-US">[Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Excluding Exchange Rate Effect, Including Discontinued Operation]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl_9817bb" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl_9817bb" xml:lang="en-US">Cash and cash equivalents, beginning of period</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl_1b0c94" xlink:type="arc" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SignificantAccountingPoliciesTextBlock" xlink:to="us-gaap_SignificantAccountingPoliciesTextBlock_lbl_1e4057" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl_1e4057" xml:lang="en-US">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ConvertibleDebtTableTextBlock" xlink:label="us-gaap_ConvertibleDebtTableTextBlock" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConvertibleDebtTableTextBlock" xlink:to="us-gaap_ConvertibleDebtTableTextBlock_lbl_e96159" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConvertibleDebtTableTextBlock_lbl_e96159" xml:lang="en-US">Summary of fair value on corporate debt securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock" xlink:label="us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock_lbl_c392d3" xml:lang="en-US">Carrying value and estimated fair value for financial instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_PercentageOfSecuritiesPortfolioSold" xlink:label="fmbm_PercentageOfSecuritiesPortfolioSold" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_PercentageOfSecuritiesPortfolioSold" xlink:to="fmbm_PercentageOfSecuritiesPortfolioSold_lbl_70bc3e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_PercentageOfSecuritiesPortfolioSold_lbl_70bc3e" xml:lang="en-US">Percentage of securities portfolio</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AccruedInterestReceivableOnAvailableForSaleDebtSecurities" xlink:label="fmbm_AccruedInterestReceivableOnAvailableForSaleDebtSecurities" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AccruedInterestReceivableOnAvailableForSaleDebtSecurities" xlink:to="fmbm_AccruedInterestReceivableOnAvailableForSaleDebtSecurities_lbl_0cd227" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AccruedInterestReceivableOnAvailableForSaleDebtSecurities_lbl_0cd227" xml:lang="en-US">Accrued interest receivable on available for sale debt securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest" xlink:to="us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest_lbl_857ca8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest_lbl_857ca8" xml:lang="en-US">Accrued interest receivable related to loans</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_DescriptionRelatedToNonaccrualLoans" xlink:label="fmbm_DescriptionRelatedToNonaccrualLoans" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_DescriptionRelatedToNonaccrualLoans" xlink:to="fmbm_DescriptionRelatedToNonaccrualLoans_lbl_cc56a2" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_DescriptionRelatedToNonaccrualLoans_lbl_cc56a2" xml:lang="en-US">Description related to nonaccrual loans</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GainLossOnSaleOfBusiness" xlink:label="us-gaap_GainLossOnSaleOfBusiness" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfBusiness" xlink:to="us-gaap_GainLossOnSaleOfBusiness_lbl_8ce75d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnSaleOfBusiness_lbl_8ce75d" xml:lang="en-US">Gain (loss) on sale of business</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_DebtSecuritiesAvailableForSale" xlink:label="fmbm_DebtSecuritiesAvailableForSale" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_DebtSecuritiesAvailableForSale" xlink:to="fmbm_DebtSecuritiesAvailableForSale_lbl_95bf59" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_DebtSecuritiesAvailableForSale_lbl_95bf59" xml:lang="en-US">Debt securities, available-for-sale</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_GainLossOnSaleOfDebtSecuritiesNet" xlink:label="fmbm_GainLossOnSaleOfDebtSecuritiesNet" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GainLossOnSaleOfDebtSecuritiesNet" xlink:to="fmbm_GainLossOnSaleOfDebtSecuritiesNet_lbl_56478a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_GainLossOnSaleOfDebtSecuritiesNet_lbl_56478a" xml:lang="en-US">Gain (loss) on sale of debt securities, net</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_WeightedAverageYieldPurchase" xlink:label="fmbm_WeightedAverageYieldPurchase" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_WeightedAverageYieldPurchase" xlink:to="fmbm_WeightedAverageYieldPurchase_lbl_3c241d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_WeightedAverageYieldPurchase_lbl_3c241d" xml:lang="en-US">Weighted average yield, purchase</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_GainLossNetPreTax" xlink:label="fmbm_GainLossNetPreTax" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GainLossNetPreTax" xlink:to="fmbm_GainLossNetPreTax_lbl_f210ff" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_GainLossNetPreTax_lbl_f210ff" xml:lang="en-US">Gain net pre-tax</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtSecuritiesTradingAndAvailableForSale" xlink:label="us-gaap_DebtSecuritiesTradingAndAvailableForSale" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesTradingAndAvailableForSale" xlink:to="us-gaap_DebtSecuritiesTradingAndAvailableForSale_lbl_9c7987" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesTradingAndAvailableForSale_lbl_9c7987" xml:lang="en-US">Debt Securities Available-for-Sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PlanNameAxis" xlink:label="us-gaap_PlanNameAxis" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanNameAxis" xlink:to="us-gaap_PlanNameAxis_lbl_877b4d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PlanNameAxis_lbl_877b4d" xml:lang="en-US">Plan Name Axis</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_USTreasuriesMember" xlink:label="fmbm_USTreasuriesMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_USTreasuriesMember" xlink:to="fmbm_USTreasuriesMember_lbl_7e477c" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_USTreasuriesMember_lbl_7e477c" xml:lang="en-US">U S Treasuries [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_USGovernmentSponsoredEnterprisesMember" xlink:label="fmbm_USGovernmentSponsoredEnterprisesMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_USGovernmentSponsoredEnterprisesMember" xlink:to="fmbm_USGovernmentSponsoredEnterprisesMember_lbl_b609a1" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_USGovernmentSponsoredEnterprisesMember_lbl_b609a1" xml:lang="en-US">U. S. Government agencies [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_MortgageBackedObligationsOfFederalAgenciesMember" xlink:label="fmbm_MortgageBackedObligationsOfFederalAgenciesMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_MortgageBackedObligationsOfFederalAgenciesMember" xlink:to="fmbm_MortgageBackedObligationsOfFederalAgenciesMember_lbl_b8f612" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_MortgageBackedObligationsOfFederalAgenciesMember_lbl_b8f612" xml:lang="en-US">Mortgage-backed securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_CorporateDebtSecurityMember" xlink:label="fmbm_CorporateDebtSecurityMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_CorporateDebtSecurityMember" xlink:to="fmbm_CorporateDebtSecurityMember_lbl_243e14" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_CorporateDebtSecurityMember_lbl_243e14" xml:lang="en-US">Corporate debt security [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_MunicipalSecuritiesMember" xlink:label="fmbm_MunicipalSecuritiesMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_MunicipalSecuritiesMember" xlink:to="fmbm_MunicipalSecuritiesMember_lbl_462df3" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_MunicipalSecuritiesMember_lbl_462df3" xml:lang="en-US">Municipal Securities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AvailableForSaleSecuritiesAmortizedCosts" xlink:label="fmbm_AvailableForSaleSecuritiesAmortizedCosts" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AvailableForSaleSecuritiesAmortizedCosts" xlink:to="fmbm_AvailableForSaleSecuritiesAmortizedCosts_lbl_b4dd81" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AvailableForSaleSecuritiesAmortizedCosts_lbl_b4dd81" xml:lang="en-US">Amortized Cost</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AvailableForSaleSecuritiesGrossUnrealizedGain" xlink:label="fmbm_AvailableForSaleSecuritiesGrossUnrealizedGain" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AvailableForSaleSecuritiesGrossUnrealizedGain" xlink:to="fmbm_AvailableForSaleSecuritiesGrossUnrealizedGain_lbl_f73418" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AvailableForSaleSecuritiesGrossUnrealizedGain_lbl_f73418" xml:lang="en-US">Gross Unrealized gains</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AvailableForSaleSecuritiesGrossUnrealizedLosses" xlink:label="fmbm_AvailableForSaleSecuritiesGrossUnrealizedLosses" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AvailableForSaleSecuritiesGrossUnrealizedLosses" xlink:to="fmbm_AvailableForSaleSecuritiesGrossUnrealizedLosses_lbl_0a03d0" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AvailableForSaleSecuritiesGrossUnrealizedLosses_lbl_0a03d0" xml:lang="en-US">Gross Unrealized losses</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AvailableForSaleSecuritiesFairValue" xlink:label="fmbm_AvailableForSaleSecuritiesFairValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AvailableForSaleSecuritiesFairValue" xlink:to="fmbm_AvailableForSaleSecuritiesFairValue_lbl_f3a668" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AvailableForSaleSecuritiesFairValue_lbl_f3a668" xml:lang="en-US">Fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="us-gaap_FinancialInstrumentAxis" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentAxis" xlink:to="us-gaap_FinancialInstrumentAxis_lbl_4739f2" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentAxis_lbl_4739f2" xml:lang="en-US">Financial Instrument Axis</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_SecuritiesAvailableforSaleMember" xlink:label="fmbm_SecuritiesAvailableforSaleMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_SecuritiesAvailableforSaleMember" xlink:to="fmbm_SecuritiesAvailableforSaleMember_lbl_6dc536" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_SecuritiesAvailableforSaleMember_lbl_6dc536" xml:lang="en-US">Securities Available for Sale [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount" xlink:to="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount_lbl_c4ff5a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount_lbl_c4ff5a" xml:lang="en-US">Due in one year or less, amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount" xlink:to="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount_lbl_33f25d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount_lbl_33f25d" xml:lang="en-US">Due after one year through five years, amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount" xlink:to="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount_lbl_098dbe" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount_lbl_098dbe" xml:lang="en-US">Due after five years through ten years, amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount" xlink:to="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount_lbl_61cdea" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount_lbl_61cdea" xml:lang="en-US">Due after ten years, amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HeldToMaturitySecurities" xlink:label="us-gaap_HeldToMaturitySecurities" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HeldToMaturitySecurities" xlink:to="us-gaap_HeldToMaturitySecurities_lbl_a29a25" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HeldToMaturitySecurities_lbl_a29a25" xml:lang="en-US">Total, amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue" xlink:to="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_lbl_c244d0" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_lbl_c244d0" xml:lang="en-US">Due in one year or less, fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue" xlink:to="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_lbl_ea6672" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_lbl_ea6672" xml:lang="en-US">Due after one year through five years, fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue" xlink:to="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_lbl_d75fea" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_lbl_d75fea" xml:lang="en-US">Due after five years through ten years, fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue" xlink:to="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue_lbl_d44d01" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue_lbl_d44d01" xml:lang="en-US">Due after ten years, fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="us-gaap_HeldToMaturitySecuritiesFairValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HeldToMaturitySecuritiesFairValue" xlink:to="us-gaap_HeldToMaturitySecuritiesFairValue_lbl_607ac8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_HeldToMaturitySecuritiesFairValue_lbl_607ac8" xml:lang="en-US">Total fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtSecuritiesRealizedGainLoss" xlink:label="us-gaap_DebtSecuritiesRealizedGainLoss" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesRealizedGainLoss" xlink:to="us-gaap_DebtSecuritiesRealizedGainLoss_lbl_ac0d24" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtSecuritiesRealizedGainLoss_lbl_ac0d24" xml:lang="en-US">Realized losses on sales of securities</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_DebtSecuritiesRealizedLoss" xlink:label="fmbm_DebtSecuritiesRealizedLoss" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_DebtSecuritiesRealizedLoss" xlink:to="fmbm_DebtSecuritiesRealizedLoss_lbl_490763" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_DebtSecuritiesRealizedLoss_lbl_490763" xml:lang="en-US">Realized loss</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_FairValueOfSecuritiesLessThanTwelveMonths" xlink:label="fmbm_FairValueOfSecuritiesLessThanTwelveMonths" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_FairValueOfSecuritiesLessThanTwelveMonths" xlink:to="fmbm_FairValueOfSecuritiesLessThanTwelveMonths_lbl_bdc302" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_FairValueOfSecuritiesLessThanTwelveMonths_lbl_bdc302" xml:lang="en-US">Fair value less than 12 months</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_UnrealizedLossesOfSecuritiesLessThanTwelveMonths" xlink:label="fmbm_UnrealizedLossesOfSecuritiesLessThanTwelveMonths" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_UnrealizedLossesOfSecuritiesLessThanTwelveMonths" xlink:to="fmbm_UnrealizedLossesOfSecuritiesLessThanTwelveMonths_lbl_3138ed" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_UnrealizedLossesOfSecuritiesLessThanTwelveMonths_lbl_3138ed" xml:lang="en-US">Unrealized losses less than 12 months</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_FairValueOfSecuritiesMoreThanTwelveMonths" xlink:label="fmbm_FairValueOfSecuritiesMoreThanTwelveMonths" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_FairValueOfSecuritiesMoreThanTwelveMonths" xlink:to="fmbm_FairValueOfSecuritiesMoreThanTwelveMonths_lbl_2c1754" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_FairValueOfSecuritiesMoreThanTwelveMonths_lbl_2c1754" xml:lang="en-US">Fair value more than 12 months</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_UnrealizedLossesOfSecuritiesMoreThanTwelveMonths" xlink:label="fmbm_UnrealizedLossesOfSecuritiesMoreThanTwelveMonths" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_UnrealizedLossesOfSecuritiesMoreThanTwelveMonths" xlink:to="fmbm_UnrealizedLossesOfSecuritiesMoreThanTwelveMonths_lbl_44f506" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_UnrealizedLossesOfSecuritiesMoreThanTwelveMonths_lbl_44f506" xml:lang="en-US">Unrealized losses more than 12 months</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_FairValueTotal" xlink:label="fmbm_FairValueTotal" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_FairValueTotal" xlink:to="fmbm_FairValueTotal_lbl_2b93f3" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_FairValueTotal_lbl_2b93f3" xml:lang="en-US">Fair value total</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_UnrealizedLossesOfSecuritiesTotal" xlink:label="fmbm_UnrealizedLossesOfSecuritiesTotal" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_UnrealizedLossesOfSecuritiesTotal" xlink:to="fmbm_UnrealizedLossesOfSecuritiesTotal_lbl_362f2e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_UnrealizedLossesOfSecuritiesTotal_lbl_362f2e" xml:lang="en-US">Unrealized losses total</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_CarryingBasisOfStockInFrb" xlink:label="fmbm_CarryingBasisOfStockInFrb" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_CarryingBasisOfStockInFrb" xlink:to="fmbm_CarryingBasisOfStockInFrb_lbl_a3dcbe" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_CarryingBasisOfStockInFrb_lbl_a3dcbe" xml:lang="en-US">Carrying Basis of Stock in FRB</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ProceedsFromSaleOfAvailableForSaleSecurity" xlink:label="fmbm_ProceedsFromSaleOfAvailableForSaleSecurity" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ProceedsFromSaleOfAvailableForSaleSecurity" xlink:to="fmbm_ProceedsFromSaleOfAvailableForSaleSecurity_lbl_ee97a4" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ProceedsFromSaleOfAvailableForSaleSecurity_lbl_ee97a4" xml:lang="en-US">Proceeds from sale of available-for-sale securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt" xlink:label="us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt" xlink:to="us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_lbl_2c343d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_lbl_2c343d" xml:lang="en-US">Payments to acquire available-for-sale securities, debt</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_WeightedAverageYieldOnSecuritiesSold" xlink:label="fmbm_WeightedAverageYieldOnSecuritiesSold" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_WeightedAverageYieldOnSecuritiesSold" xlink:to="fmbm_WeightedAverageYieldOnSecuritiesSold_lbl_b3a883" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_WeightedAverageYieldOnSecuritiesSold_lbl_b3a883" xml:lang="en-US">Sold weighted average yield</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_WeightedAverageYieldOnSecuritiesPurchased" xlink:label="fmbm_WeightedAverageYieldOnSecuritiesPurchased" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_WeightedAverageYieldOnSecuritiesPurchased" xlink:to="fmbm_WeightedAverageYieldOnSecuritiesPurchased_lbl_5aff47" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_WeightedAverageYieldOnSecuritiesPurchased_lbl_5aff47" xml:lang="en-US">Purchase weighted average yield</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_PercentageOfSecuritiesPortfolioSold" xlink:to="fmbm_PercentageOfSecuritiesPortfolioSold_lbl_fa88b8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_PercentageOfSecuritiesPortfolioSold_lbl_fa88b8" xml:lang="en-US">Percentage of securities portfolio</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AvailableForSaleSecuritiesfairvalueofsecuritiesmorethantwelvemonth" xlink:label="fmbm_AvailableForSaleSecuritiesfairvalueofsecuritiesmorethantwelvemonth" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AvailableForSaleSecuritiesfairvalueofsecuritiesmorethantwelvemonth" xlink:to="fmbm_AvailableForSaleSecuritiesfairvalueofsecuritiesmorethantwelvemonth_lbl_e08ba7" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AvailableForSaleSecuritiesfairvalueofsecuritiesmorethantwelvemonth_lbl_e08ba7" xml:lang="en-US">Available for sale securities fair value more than 12 months</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_PledgedSecuritiesDiscountWindow" xlink:label="fmbm_PledgedSecuritiesDiscountWindow" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_PledgedSecuritiesDiscountWindow" xlink:to="fmbm_PledgedSecuritiesDiscountWindow_lbl_b5342c" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_PledgedSecuritiesDiscountWindow_lbl_b5342c" xml:lang="en-US">Pledged Securities to Federal Reserve Discount Window</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_CarryingAmountAtReportingDateOfEquityMethodInvestmentsFHLB" xlink:label="fmbm_CarryingAmountAtReportingDateOfEquityMethodInvestmentsFHLB" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_CarryingAmountAtReportingDateOfEquityMethodInvestmentsFHLB" xlink:to="fmbm_CarryingAmountAtReportingDateOfEquityMethodInvestmentsFHLB_lbl_0e71ff" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_CarryingAmountAtReportingDateOfEquityMethodInvestmentsFHLB_lbl_0e71ff" xml:lang="en-US">Carrying Basis of Stock in FHLB</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_CarryingAmountAtReportingDateOfEquityMethodOtherInvestments" xlink:label="fmbm_CarryingAmountAtReportingDateOfEquityMethodOtherInvestments" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_CarryingAmountAtReportingDateOfEquityMethodOtherInvestments" xlink:to="fmbm_CarryingAmountAtReportingDateOfEquityMethodOtherInvestments_lbl_8ce003" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_CarryingAmountAtReportingDateOfEquityMethodOtherInvestments_lbl_8ce003" xml:lang="en-US">Carrying basis of various other investments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CollateralizedFinancings" xlink:label="us-gaap_CollateralizedFinancings" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CollateralizedFinancings" xlink:to="us-gaap_CollateralizedFinancings_lbl_8bfc5c" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CollateralizedFinancings_lbl_8bfc5c" xml:lang="en-US">Collateralized securities</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AggregateUnrealizedLossesOfSecuritiesMoreThanTwelveMonth" xlink:label="fmbm_AggregateUnrealizedLossesOfSecuritiesMoreThanTwelveMonth" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AggregateUnrealizedLossesOfSecuritiesMoreThanTwelveMonth" xlink:to="fmbm_AggregateUnrealizedLossesOfSecuritiesMoreThanTwelveMonth_lbl_a4fb79" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AggregateUnrealizedLossesOfSecuritiesMoreThanTwelveMonth_lbl_a4fb79" xml:lang="en-US">Aggregate Unrealised losses more than 12 months</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RealEstatePropertiesAxis" xlink:label="us-gaap_RealEstatePropertiesAxis" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstatePropertiesAxis" xlink:to="us-gaap_RealEstatePropertiesAxis_lbl_deaa38" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstatePropertiesAxis_lbl_deaa38" xml:lang="en-US">Real Estate Properties Axis</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentAxis" xlink:label="us-gaap_DebtInstrumentAxis" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentAxis" xlink:to="us-gaap_DebtInstrumentAxis_lbl_8bc2a0" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentAxis_lbl_8bc2a0" xml:lang="en-US">Debt Instrument Axis</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" xlink:to="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_lbl_3cf4a8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_lbl_3cf4a8" xml:lang="en-US">Financing Receivable Recorded Investment By Class Of Financing Receivable Axis</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_OneFourFamilyResidentialConstructionMember" xlink:label="fmbm_OneFourFamilyResidentialConstructionMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OneFourFamilyResidentialConstructionMember" xlink:to="fmbm_OneFourFamilyResidentialConstructionMember_lbl_c268b0" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_OneFourFamilyResidentialConstructionMember_lbl_c268b0" xml:lang="en-US">1-4 Family residential construction [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_OtherConsumerLoansMember" xlink:label="fmbm_OtherConsumerLoansMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OtherConsumerLoansMember" xlink:to="fmbm_OtherConsumerLoansMember_lbl_f4dd11" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_OtherConsumerLoansMember_lbl_f4dd11" xml:lang="en-US">Other consumer loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RealEstateLoanMember" xlink:label="us-gaap_RealEstateLoanMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateLoanMember" xlink:to="us-gaap_RealEstateLoanMember_lbl_9c5162" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateLoanMember_lbl_9c5162" xml:lang="en-US">Real Estate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_OtherCommercialRealEstateMember" xlink:label="fmbm_OtherCommercialRealEstateMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OtherCommercialRealEstateMember" xlink:to="fmbm_OtherCommercialRealEstateMember_lbl_703c89" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_OtherCommercialRealEstateMember_lbl_703c89" xml:lang="en-US">Other commercial real estate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_MultiFamilyMember" xlink:label="fmbm_MultiFamilyMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_MultiFamilyMember" xlink:to="fmbm_MultiFamilyMember_lbl_b7bf54" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_MultiFamilyMember_lbl_b7bf54" xml:lang="en-US">Multi-Family [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_OccupiedCommercialRealEstateMember" xlink:label="fmbm_OccupiedCommercialRealEstateMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OccupiedCommercialRealEstateMember" xlink:to="fmbm_OccupiedCommercialRealEstateMember_lbl_76066f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_OccupiedCommercialRealEstateMember_lbl_76066f" xml:lang="en-US">Owner Occupied Commercial Real Estate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AgriculturalLoansMember" xlink:label="fmbm_AgriculturalLoansMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AgriculturalLoansMember" xlink:to="fmbm_AgriculturalLoansMember_lbl_961db3" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AgriculturalLoansMember_lbl_961db3" xml:lang="en-US">Agricultural loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_CommercialAndIndustrialMember" xlink:label="fmbm_CommercialAndIndustrialMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_CommercialAndIndustrialMember" xlink:to="fmbm_CommercialAndIndustrialMember_lbl_6cbded" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_CommercialAndIndustrialMember_lbl_6cbded" xml:lang="en-US">Commercial and industrial [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CreditCardReceivablesMember" xlink:label="us-gaap_CreditCardReceivablesMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditCardReceivablesMember" xlink:to="us-gaap_CreditCardReceivablesMember_lbl_4c4171" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CreditCardReceivablesMember_lbl_4c4171" xml:lang="en-US">Credit Cards [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AutomobileLoansMember" xlink:label="fmbm_AutomobileLoansMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AutomobileLoansMember" xlink:to="fmbm_AutomobileLoansMember_lbl_493f3c" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AutomobileLoansMember_lbl_493f3c" xml:lang="en-US">Automobile loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_MunicipalLoansMember" xlink:label="fmbm_MunicipalLoansMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_MunicipalLoansMember" xlink:to="fmbm_MunicipalLoansMember_lbl_25d7d0" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_MunicipalLoansMember_lbl_25d7d0" xml:lang="en-US">Municipal loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ConstructionLandDevelopmentsMember" xlink:label="fmbm_ConstructionLandDevelopmentsMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ConstructionLandDevelopmentsMember" xlink:to="fmbm_ConstructionLandDevelopmentsMember_lbl_2b1767" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ConstructionLandDevelopmentsMember_lbl_2b1767" xml:lang="en-US">Other construction, land development and land [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_FarmlandMember" xlink:label="fmbm_FarmlandMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_FarmlandMember" xlink:to="fmbm_FarmlandMember_lbl_b6e831" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_FarmlandMember_lbl_b6e831" xml:lang="en-US">Secured by farmland [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_HomeEquitiesOpenEndMember" xlink:label="fmbm_HomeEquitiesOpenEndMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_HomeEquitiesOpenEndMember" xlink:to="fmbm_HomeEquitiesOpenEndMember_lbl_79d840" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_HomeEquitiesOpenEndMember_lbl_79d840" xml:lang="en-US">Home Equity - Open End [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_HomeEquitiesClosedEndMember" xlink:label="fmbm_HomeEquitiesClosedEndMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_HomeEquitiesClosedEndMember" xlink:to="fmbm_HomeEquitiesClosedEndMember_lbl_5de3c0" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_HomeEquitiesClosedEndMember_lbl_5de3c0" xml:lang="en-US">Home Equity - Closed End [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LoansAndLeasesReceivableGrossCarryingAmount" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount" xlink:to="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_lbl_f5f75b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_lbl_f5f75b" xml:lang="en-US">Gross loans</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableUnamortizedLoanFeeCost" xlink:to="us-gaap_FinancingReceivableUnamortizedLoanFeeCost_lbl_8d08b1" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FinancingReceivableUnamortizedLoanFeeCost_lbl_8d08b1" xml:lang="en-US">Unamortized net deferred loan fees</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancingReceivableUnamortizedLoanFeeCost" xlink:label="us-gaap_FinancingReceivableUnamortizedLoanFeeCost" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableUnamortizedLoanFeeCost" xlink:to="us-gaap_FinancingReceivableUnamortizedLoanFeeCost_lbl_3" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableUnamortizedLoanFeeCost_lbl_3" xml:lang="en-US">[Financing Receivable, Unamortized Loan Cost (Fee)]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AllowanceForCreditLossesOnLoansHeldForInvestment" xlink:to="fmbm_AllowanceForCreditLossesOnLoansHeldForInvestment_lbl_dad88e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_AllowanceForCreditLossesOnLoansHeldForInvestment_lbl_dad88e" xml:lang="en-US">Less allowance for credit losses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:to="us-gaap_LoansAndLeasesReceivableNetReportedAmount_lbl_2c633c" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmount_lbl_2c633c" xml:lang="en-US">Net loans</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_LoansHeldForSaleFairValueDisclosures" xlink:label="fmbm_LoansHeldForSaleFairValueDisclosures" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LoansHeldForSaleFairValueDisclosures" xlink:to="fmbm_LoansHeldForSaleFairValueDisclosures_lbl_38dc3d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_LoansHeldForSaleFairValueDisclosures_lbl_38dc3d" xml:lang="en-US">Loans held for sale</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest" xlink:to="us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest_lbl_02301e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest_lbl_02301e" xml:lang="en-US">Accrued interest receivable on loans held for investment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CollateralizedFinancings" xlink:to="us-gaap_CollateralizedFinancings_lbl_ff207f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CollateralizedFinancings_lbl_ff207f" xml:lang="en-US">Amount of loans pledged</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OtherConstructionLandDevelopmentAndLandMember" xlink:to="fmbm_OtherConstructionLandDevelopmentAndLandMember_lbl_d5d249" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_OtherConstructionLandDevelopmentAndLandMember_lbl_d5d249" xml:lang="en-US">Other construction, land development and land [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_OtherConstructionLandDevelopmentAndLandMember" xlink:label="fmbm_OtherConstructionLandDevelopmentAndLandMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OtherConstructionLandDevelopmentAndLandMember" xlink:to="fmbm_OtherConstructionLandDevelopmentAndLandMember_lbl_1042" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_OtherConstructionLandDevelopmentAndLandMember_lbl_1042" xml:lang="en-US">[Other construction, land development and land [Member]]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_SecuredByFarmlandMember" xlink:to="fmbm_SecuredByFarmlandMember_lbl_0c0a4a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_SecuredByFarmlandMember_lbl_0c0a4a" xml:lang="en-US">Secured by farmland [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_SecuredByFarmlandMember" xlink:label="fmbm_SecuredByFarmlandMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_SecuredByFarmlandMember" xlink:to="fmbm_SecuredByFarmlandMember_lbl_1043" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_SecuredByFarmlandMember_lbl_1043" xml:lang="en-US">[Secured by farmland [Member]]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_HomeEquityClosedEndMember" xlink:label="fmbm_HomeEquityClosedEndMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_HomeEquityClosedEndMember" xlink:to="fmbm_HomeEquityClosedEndMember_lbl_52183a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_HomeEquityClosedEndMember_lbl_52183a" xml:lang="en-US">Home Equity - Close End [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_HomeEquityOpenEndMember" xlink:label="fmbm_HomeEquityOpenEndMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_HomeEquityOpenEndMember" xlink:to="fmbm_HomeEquityOpenEndMember_lbl_2c1d42" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_HomeEquityOpenEndMember_lbl_2c1d42" xml:lang="en-US">Home Equity Open End [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_OwnerOccupiedCommercialRealEstateMember" xlink:label="fmbm_OwnerOccupiedCommercialRealEstateMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OwnerOccupiedCommercialRealEstateMember" xlink:to="fmbm_OwnerOccupiedCommercialRealEstateMember_lbl_207b5b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_OwnerOccupiedCommercialRealEstateMember_lbl_207b5b" xml:lang="en-US">Owner-occupied commercial real estate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_UnfundedCommitmentsMember" xlink:label="fmbm_UnfundedCommitmentsMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_UnfundedCommitmentsMember" xlink:to="fmbm_UnfundedCommitmentsMember_lbl_c19805" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_UnfundedCommitmentsMember_lbl_c19805" xml:lang="en-US">Unfunded commitments [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AllowanceForCreditLossesOnLoans" xlink:to="fmbm_AllowanceForCreditLossesOnLoans_lbl_6efb31" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="fmbm_AllowanceForCreditLossesOnLoans_lbl_6efb31" xml:lang="en-US">Allowance for credit losses on loans, beginning balance</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AllowanceForCreditLossesOnLoans" xlink:label="fmbm_AllowanceForCreditLossesOnLoans" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AllowanceForCreditLossesOnLoans" xlink:to="fmbm_AllowanceForCreditLossesOnLoans_lbl_2" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AllowanceForCreditLossesOnLoans_lbl_2" xml:lang="en-US">[Allowance for credit losses on loans, beginning balance]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AllowanceForCreditLossesOnLoansChargeOffs" xlink:label="fmbm_AllowanceForCreditLossesOnLoansChargeOffs" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AllowanceForCreditLossesOnLoansChargeOffs" xlink:to="fmbm_AllowanceForCreditLossesOnLoansChargeOffs_lbl_42600b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AllowanceForCreditLossesOnLoansChargeOffs_lbl_42600b" xml:lang="en-US">Charge-offs</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AllowanceForCreditLossesOnLoansRecoveries" xlink:label="fmbm_AllowanceForCreditLossesOnLoansRecoveries" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AllowanceForCreditLossesOnLoansRecoveries" xlink:to="fmbm_AllowanceForCreditLossesOnLoansRecoveries_lbl_d3bc30" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AllowanceForCreditLossesOnLoansRecoveries_lbl_d3bc30" xml:lang="en-US">Recoveries</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ProvisionForLoanLosses" xlink:label="fmbm_ProvisionForLoanLosses" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ProvisionForLoanLosses" xlink:to="fmbm_ProvisionForLoanLosses_lbl_f714bc" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ProvisionForLoanLosses_lbl_f714bc" xml:lang="en-US">(Recovery of) provision for loan credit losses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AllowanceForCreditLossesOnLoans" xlink:to="fmbm_AllowanceForCreditLossesOnLoans_lbl_896dca" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="fmbm_AllowanceForCreditLossesOnLoans_lbl_896dca" xml:lang="en-US">Allowance for credit losses on loans, ending balance</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InternalCreditAssessmentAxis" xlink:label="us-gaap_InternalCreditAssessmentAxis" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InternalCreditAssessmentAxis" xlink:to="us-gaap_InternalCreditAssessmentAxis_lbl_65be4e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InternalCreditAssessmentAxis_lbl_65be4e" xml:lang="en-US">Internal Credit Assessment Axis</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancingReceivablePortfolioSegmentAxis" xlink:label="us-gaap_FinancingReceivablePortfolioSegmentAxis" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivablePortfolioSegmentAxis" xlink:to="us-gaap_FinancingReceivablePortfolioSegmentAxis_lbl_829bc4" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivablePortfolioSegmentAxis_lbl_829bc4" xml:lang="en-US">Financing Receivable Portfolio Segment [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_FarmlandMember" xlink:to="fmbm_FarmlandMember_lbl_feadff" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_FarmlandMember_lbl_feadff" xml:lang="en-US">Secured by farmland [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_CurrentPeriodGrossWriteOffsMember" xlink:label="fmbm_CurrentPeriodGrossWriteOffsMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_CurrentPeriodGrossWriteOffsMember" xlink:to="fmbm_CurrentPeriodGrossWriteOffsMember_lbl_860551" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_CurrentPeriodGrossWriteOffsMember_lbl_860551" xml:lang="en-US">Current Period Gross Write Offs Member [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_TotalMember" xlink:label="fmbm_TotalMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_TotalMember" xlink:to="fmbm_TotalMember_lbl_d85575" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_TotalMember_lbl_d85575" xml:lang="en-US">Total [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OneToFourFamilyResidentialConstructionMember" xlink:to="fmbm_OneToFourFamilyResidentialConstructionMember_lbl_ea2d35" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_OneToFourFamilyResidentialConstructionMember_lbl_ea2d35" xml:lang="en-US">1-4 Family residential construction [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_OneToFourFamilyResidentialConstructionMember" xlink:label="fmbm_OneToFourFamilyResidentialConstructionMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OneToFourFamilyResidentialConstructionMember" xlink:to="fmbm_OneToFourFamilyResidentialConstructionMember_lbl_1086" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_OneToFourFamilyResidentialConstructionMember_lbl_1086" xml:lang="en-US">[1-4 Family residential construction [Member]]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_OwnerOccupiedMember" xlink:label="fmbm_OwnerOccupiedMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OwnerOccupiedMember" xlink:to="fmbm_OwnerOccupiedMember_lbl_d2e3bb" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_OwnerOccupiedMember_lbl_d2e3bb" xml:lang="en-US">Owner-occupied [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PassMember" xlink:label="us-gaap_PassMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PassMember" xlink:to="us-gaap_PassMember_lbl_f38d64" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PassMember_lbl_f38d64" xml:lang="en-US">Pass [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_WatchMember" xlink:label="fmbm_WatchMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_WatchMember" xlink:to="fmbm_WatchMember_lbl_4ac81c" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_WatchMember_lbl_4ac81c" xml:lang="en-US">Watch [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SubstandardMember" xlink:label="us-gaap_SubstandardMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubstandardMember" xlink:to="us-gaap_SubstandardMember_lbl_7fc09d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubstandardMember_lbl_7fc09d" xml:lang="en-US">Substandard [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ConstructionAndLandMember" xlink:label="fmbm_ConstructionAndLandMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ConstructionAndLandMember" xlink:to="fmbm_ConstructionAndLandMember_lbl_ff7c25" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ConstructionAndLandMember_lbl_ff7c25" xml:lang="en-US">Construction/Land [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AutomobileloansMember" xlink:to="fmbm_AutomobileloansMember_lbl_5d3576" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_AutomobileloansMember_lbl_5d3576" xml:lang="en-US">Automobile loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AutomobileloansMember" xlink:label="fmbm_AutomobileloansMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AutomobileloansMember" xlink:to="fmbm_AutomobileloansMember_lbl_1092" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AutomobileloansMember_lbl_1092" xml:lang="en-US">[Automobile loans [Member]]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ConstructionLandMember" xlink:to="fmbm_ConstructionLandMember_lbl_b2efaa" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_ConstructionLandMember_lbl_b2efaa" xml:lang="en-US">Construction/Land [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ConstructionLandMember" xlink:label="fmbm_ConstructionLandMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ConstructionLandMember" xlink:to="fmbm_ConstructionLandMember_lbl_1093" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ConstructionLandMember_lbl_1093" xml:lang="en-US">[Construction/Land [Member]]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_HomeEquitiesOpenEndMember" xlink:to="fmbm_HomeEquitiesOpenEndMember_lbl_52e8ff" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_HomeEquitiesOpenEndMember_lbl_52e8ff" xml:lang="en-US">Home Equity - Open End [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommercialRealEstateMember" xlink:to="us-gaap_CommercialRealEstateMember_lbl_1647b2" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CommercialRealEstateMember_lbl_1647b2" xml:lang="en-US">Other commercial real estate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommercialRealEstateMember" xlink:label="us-gaap_CommercialRealEstateMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommercialRealEstateMember" xlink:to="us-gaap_CommercialRealEstateMember_lbl_1095" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommercialRealEstateMember_lbl_1095" xml:lang="en-US">Commercial Real Estate [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_HomeEquitiesClosedEndMember" xlink:to="fmbm_HomeEquitiesClosedEndMember_lbl_98cd4d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_HomeEquitiesClosedEndMember_lbl_98cd4d" xml:lang="en-US">Home Equities Closed End [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OneFourFamilyResidentialConstructionMember" xlink:to="fmbm_OneFourFamilyResidentialConstructionMember_lbl_6f18d6" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_OneFourFamilyResidentialConstructionMember_lbl_6f18d6" xml:lang="en-US">1-4 Family residential construction [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_LongTermInvestmentsTotal" xlink:label="fmbm_LongTermInvestmentsTotal" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LongTermInvestmentsTotal" xlink:to="fmbm_LongTermInvestmentsTotal_lbl_549ea4" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_LongTermInvestmentsTotal_lbl_549ea4" xml:lang="en-US">Loans held for investment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear" xlink:label="us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear" xlink:to="us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear_lbl_caf0d6" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear_lbl_caf0d6" xml:lang="en-US">2026</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_FinancingReceivableOriginatedInCurrentFiscalYear2024" xlink:label="fmbm_FinancingReceivableOriginatedInCurrentFiscalYear2024" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_FinancingReceivableOriginatedInCurrentFiscalYear2024" xlink:to="fmbm_FinancingReceivableOriginatedInCurrentFiscalYear2024_lbl_dfa426" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_FinancingReceivableOriginatedInCurrentFiscalYear2024_lbl_dfa426" xml:lang="en-US">2025</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear" xlink:label="us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear" xlink:to="us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear_lbl_010d75" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear_lbl_010d75" xml:lang="en-US">2024</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear" xlink:label="us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear" xlink:to="us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear_lbl_d1aabb" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear_lbl_d1aabb" xml:lang="en-US">2023</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear" xlink:to="us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear_lbl_8943c3" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear_lbl_8943c3" xml:lang="en-US">2022</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear" xlink:label="us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear" xlink:to="us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear_lbl_8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear_lbl_8" xml:lang="en-US">[Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear" xlink:label="us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear" xlink:to="us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear_lbl_843331" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear_lbl_843331" xml:lang="en-US">2021</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear" xlink:label="us-gaap_FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear" xlink:to="us-gaap_FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear_lbl_aa6c5f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear_lbl_aa6c5f" xml:lang="en-US">Prior</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancingReceivableRevolving" xlink:label="us-gaap_FinancingReceivableRevolving" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableRevolving" xlink:to="us-gaap_FinancingReceivableRevolving_lbl_e9c4da" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableRevolving_lbl_e9c4da" xml:lang="en-US">Revolving</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_FinancingReceivable" xlink:to="fmbm_FinancingReceivable_lbl_2a2dc9" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_FinancingReceivable_lbl_2a2dc9" xml:lang="en-US">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_FinancingReceivable" xlink:label="fmbm_FinancingReceivable" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_FinancingReceivable" xlink:to="fmbm_FinancingReceivable_lbl_12" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_FinancingReceivable_lbl_12" xml:lang="en-US">[Total]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYears" xlink:label="fmbm_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYears" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYears" xlink:to="fmbm_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYears_lbl_737b7d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYears_lbl_737b7d" xml:lang="en-US">2022</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OtherConsumerLoansMember" xlink:to="fmbm_OtherConsumerLoansMember_lbl_bc2255" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_OtherConsumerLoansMember_lbl_bc2255" xml:lang="en-US">Other consumer loans [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateLoanMember" xlink:to="us-gaap_RealEstateLoanMember_lbl_330646" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RealEstateLoanMember_lbl_330646" xml:lang="en-US">Real Estate [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OtherCommercialRealEstateMember" xlink:to="fmbm_OtherCommercialRealEstateMember_lbl_02cf5a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_OtherCommercialRealEstateMember_lbl_02cf5a" xml:lang="en-US">Other commercial real estate [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_MultiFamilyMember" xlink:to="fmbm_MultiFamilyMember_lbl_8e8469" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_MultiFamilyMember_lbl_8e8469" xml:lang="en-US">Multi-Family [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AgriculturalLoansMember" xlink:to="fmbm_AgriculturalLoansMember_lbl_84a673" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_AgriculturalLoansMember_lbl_84a673" xml:lang="en-US">Agricultural loans [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_CommercialAndIndustrialMember" xlink:to="fmbm_CommercialAndIndustrialMember_lbl_6166ed" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_CommercialAndIndustrialMember_lbl_6166ed" xml:lang="en-US">Commercial and industrial [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditCardReceivablesMember" xlink:to="us-gaap_CreditCardReceivablesMember_lbl_d1356e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CreditCardReceivablesMember_lbl_d1356e" xml:lang="en-US">Credit Cards [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AutomobileLoansMember" xlink:to="fmbm_AutomobileLoansMember_lbl_37d51f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_AutomobileLoansMember_lbl_37d51f" xml:lang="en-US">Automobile loans [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_MunicipalLoansMember" xlink:to="fmbm_MunicipalLoansMember_lbl_a9bfcf" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_MunicipalLoansMember_lbl_a9bfcf" xml:lang="en-US">Municipal loans [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_HomeEquityClosedEndMember" xlink:to="fmbm_HomeEquityClosedEndMember_lbl_dfa7b8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_HomeEquityClosedEndMember_lbl_dfa7b8" xml:lang="en-US">Home Equity - Close End [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_HomeEquityOpenEndMember" xlink:to="fmbm_HomeEquityOpenEndMember_lbl_41ccfa" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_HomeEquityOpenEndMember_lbl_41ccfa" xml:lang="en-US">Home Equity Open End [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_TotalMember" xlink:to="fmbm_TotalMember_lbl_e6ce08" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_TotalMember_lbl_e6ce08" xml:lang="en-US">Total [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OwnerOccupiedMember" xlink:to="fmbm_OwnerOccupiedMember_lbl_4cc3fc" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_OwnerOccupiedMember_lbl_4cc3fc" xml:lang="en-US">Owner-occupied [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ConstructionLandDevelopmentOtherMember" xlink:label="fmbm_ConstructionLandDevelopmentOtherMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ConstructionLandDevelopmentOtherMember" xlink:to="fmbm_ConstructionLandDevelopmentOtherMember_lbl_58d1f6" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ConstructionLandDevelopmentOtherMember_lbl_58d1f6" xml:lang="en-US">Construction/Land Development Other [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_DeferredLoanFeesNetOfCostsThirtyToFiftyNineDaysPastDue" xlink:label="fmbm_DeferredLoanFeesNetOfCostsThirtyToFiftyNineDaysPastDue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_DeferredLoanFeesNetOfCostsThirtyToFiftyNineDaysPastDue" xlink:to="fmbm_DeferredLoanFeesNetOfCostsThirtyToFiftyNineDaysPastDue_lbl_92e130" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_DeferredLoanFeesNetOfCostsThirtyToFiftyNineDaysPastDue_lbl_92e130" xml:lang="en-US">Less: Deferred loan fees, net of costs, 30-59 days past due</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_DeferredLoanFeesNetOfCostsSixtyToEnghtyNineDaysPastDue" xlink:label="fmbm_DeferredLoanFeesNetOfCostsSixtyToEnghtyNineDaysPastDue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_DeferredLoanFeesNetOfCostsSixtyToEnghtyNineDaysPastDue" xlink:to="fmbm_DeferredLoanFeesNetOfCostsSixtyToEnghtyNineDaysPastDue_lbl_254a9d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_DeferredLoanFeesNetOfCostsSixtyToEnghtyNineDaysPastDue_lbl_254a9d" xml:lang="en-US">Less: Deferred loan fees, net of costs, 60-89 days past due</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_DeferredLoanFeesNetOfCostsGreaterThanNinetyDays" xlink:label="fmbm_DeferredLoanFeesNetOfCostsGreaterThanNinetyDays" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_DeferredLoanFeesNetOfCostsGreaterThanNinetyDays" xlink:to="fmbm_DeferredLoanFeesNetOfCostsGreaterThanNinetyDays_lbl_e7afcf" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_DeferredLoanFeesNetOfCostsGreaterThanNinetyDays_lbl_e7afcf" xml:lang="en-US">Less: Deferred loan fees, net of costs, greater than 90 days</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_DeferredLoanFeesNetOfCostsNonAccruelLoans" xlink:label="fmbm_DeferredLoanFeesNetOfCostsNonAccruelLoans" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_DeferredLoanFeesNetOfCostsNonAccruelLoans" xlink:to="fmbm_DeferredLoanFeesNetOfCostsNonAccruelLoans_lbl_05e735" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_DeferredLoanFeesNetOfCostsNonAccruelLoans_lbl_05e735" xml:lang="en-US">Less: Deferred loan fees, net of costs, non accruel loans</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LessDeferredLoanFeesNetOfCostsCurrent" xlink:to="fmbm_LessDeferredLoanFeesNetOfCostsCurrent_lbl_d9ba74" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="fmbm_LessDeferredLoanFeesNetOfCostsCurrent_lbl_d9ba74" xml:lang="en-US">Less: Deferred Loan fees, net of costs, accruing current loans</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_LessDeferredLoanFeesNetOfCostsCurrent" xlink:label="fmbm_LessDeferredLoanFeesNetOfCostsCurrent" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LessDeferredLoanFeesNetOfCostsCurrent" xlink:to="fmbm_LessDeferredLoanFeesNetOfCostsCurrent_lbl_6" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_LessDeferredLoanFeesNetOfCostsCurrent_lbl_6" xml:lang="en-US">[Less: Deferred Loan fees, net of costs, accruing current loans]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LessDeferredLoanFeesNetOfCostsAggregateLoanReceivable" xlink:to="fmbm_LessDeferredLoanFeesNetOfCostsAggregateLoanReceivable_lbl_ae043b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="fmbm_LessDeferredLoanFeesNetOfCostsAggregateLoanReceivable_lbl_ae043b" xml:lang="en-US">Less: Deferred loan fees, net of costs, total loan receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_LessDeferredLoanFeesNetOfCostsAggregateLoanReceivable" xlink:label="fmbm_LessDeferredLoanFeesNetOfCostsAggregateLoanReceivable" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LessDeferredLoanFeesNetOfCostsAggregateLoanReceivable" xlink:to="fmbm_LessDeferredLoanFeesNetOfCostsAggregateLoanReceivable_lbl_7" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_LessDeferredLoanFeesNetOfCostsAggregateLoanReceivable_lbl_7" xml:lang="en-US">[Less: Deferred loan fees, net of costs, total loan receivable]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_GrossLoansNetOfCosts3059DaysPastDue" xlink:label="fmbm_GrossLoansNetOfCosts3059DaysPastDue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GrossLoansNetOfCosts3059DaysPastDue" xlink:to="fmbm_GrossLoansNetOfCosts3059DaysPastDue_lbl_b7fbba" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_GrossLoansNetOfCosts3059DaysPastDue_lbl_b7fbba" xml:lang="en-US">Gross loans, net of costs, 30-59 days past due</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_GrossLoansNetOfCosts6089DaysPastDue" xlink:label="fmbm_GrossLoansNetOfCosts6089DaysPastDue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GrossLoansNetOfCosts6089DaysPastDue" xlink:to="fmbm_GrossLoansNetOfCosts6089DaysPastDue_lbl_b7e767" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_GrossLoansNetOfCosts6089DaysPastDue_lbl_b7e767" xml:lang="en-US">Gross loans, net of costs, 60-89 days past due</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_GrossLoansNetOfCostsGreaterThan90Days" xlink:label="fmbm_GrossLoansNetOfCostsGreaterThan90Days" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GrossLoansNetOfCostsGreaterThan90Days" xlink:to="fmbm_GrossLoansNetOfCostsGreaterThan90Days_lbl_5f071a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_GrossLoansNetOfCostsGreaterThan90Days_lbl_5f071a" xml:lang="en-US">Gross loans, net of costs, greater than 90 days</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_GrossLoansNetOfCostsNonAccruelLoans" xlink:label="fmbm_GrossLoansNetOfCostsNonAccruelLoans" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GrossLoansNetOfCostsNonAccruelLoans" xlink:to="fmbm_GrossLoansNetOfCostsNonAccruelLoans_lbl_5fa291" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_GrossLoansNetOfCostsNonAccruelLoans_lbl_5fa291" xml:lang="en-US">Gross loans, net of costs, non accruel loans</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GrossLoansNetOfCostsCurrent" xlink:to="fmbm_GrossLoansNetOfCostsCurrent_lbl_8b61ea" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="fmbm_GrossLoansNetOfCostsCurrent_lbl_8b61ea" xml:lang="en-US">Gross loans, net of costs, accruing current loans</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_GrossLoansNetOfCostsCurrent" xlink:label="fmbm_GrossLoansNetOfCostsCurrent" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GrossLoansNetOfCostsCurrent" xlink:to="fmbm_GrossLoansNetOfCostsCurrent_lbl_12" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_GrossLoansNetOfCostsCurrent_lbl_12" xml:lang="en-US">[Gross loans, net of costs, accruing current loans]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_GrossLoansNetOfCostsTotalLoanReceivable" xlink:label="fmbm_GrossLoansNetOfCostsTotalLoanReceivable" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GrossLoansNetOfCostsTotalLoanReceivable" xlink:to="fmbm_GrossLoansNetOfCostsTotalLoanReceivable_lbl_17fb48" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_GrossLoansNetOfCostsTotalLoanReceivable_lbl_17fb48" xml:lang="en-US">Gross loans, net of costs, total loan receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ThirtyToFiftyDaysPastDue" xlink:label="fmbm_ThirtyToFiftyDaysPastDue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ThirtyToFiftyDaysPastDue" xlink:to="fmbm_ThirtyToFiftyDaysPastDue_lbl_d837fa" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ThirtyToFiftyDaysPastDue_lbl_d837fa" xml:lang="en-US">30-59 Days Past due</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_SixtyToEightyNineDaysPastDue" xlink:label="fmbm_SixtyToEightyNineDaysPastDue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_SixtyToEightyNineDaysPastDue" xlink:to="fmbm_SixtyToEightyNineDaysPastDue_lbl_e5497a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_SixtyToEightyNineDaysPastDue_lbl_e5497a" xml:lang="en-US">60-89 Days Past due</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_GreaterThanNintyDays" xlink:label="fmbm_GreaterThanNintyDays" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GreaterThanNintyDays" xlink:to="fmbm_GreaterThanNintyDays_lbl_6bab10" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_GreaterThanNintyDays_lbl_6bab10" xml:lang="en-US">Greater than 90 Days</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus" xlink:to="us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_lbl_1228e0" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_lbl_1228e0" xml:lang="en-US">Non-Accrual Loans</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NotesAndLoansReceivableNetCurrent" xlink:label="us-gaap_NotesAndLoansReceivableNetCurrent" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesAndLoansReceivableNetCurrent" xlink:to="us-gaap_NotesAndLoansReceivableNetCurrent_lbl_23fe57" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NotesAndLoansReceivableNetCurrent_lbl_23fe57" xml:lang="en-US">Accruing Current Loans</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_LoanReceivableNet" xlink:label="fmbm_LoanReceivableNet" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LoanReceivableNet" xlink:to="fmbm_LoanReceivableNet_lbl_0e8c7e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_LoanReceivableNet_lbl_0e8c7e" xml:lang="en-US">Total Loan Receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ThirtyFiftyNineDaysPastDue" xlink:label="fmbm_ThirtyFiftyNineDaysPastDue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ThirtyFiftyNineDaysPastDue" xlink:to="fmbm_ThirtyFiftyNineDaysPastDue_lbl_4126be" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ThirtyFiftyNineDaysPastDue_lbl_4126be" xml:lang="en-US">30-59 Days Past Due</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_SixZeroEightNineDaysPastDue" xlink:label="fmbm_SixZeroEightNineDaysPastDue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_SixZeroEightNineDaysPastDue" xlink:to="fmbm_SixZeroEightNineDaysPastDue_lbl_0bd8a6" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_SixZeroEightNineDaysPastDue_lbl_0bd8a6" xml:lang="en-US">60-89 Days Past Due</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GreaterThan90Days" xlink:to="fmbm_GreaterThan90Days_lbl_37131c" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_GreaterThan90Days_lbl_37131c" xml:lang="en-US">Greater than 90 Days</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_GreaterThan90Days" xlink:label="fmbm_GreaterThan90Days" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GreaterThan90Days" xlink:to="fmbm_GreaterThan90Days_lbl_22" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_GreaterThan90Days_lbl_22" xml:lang="en-US">[Greater than 90 Days]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_TotalLoanReceivable" xlink:to="fmbm_TotalLoanReceivable_lbl_a3d126" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_TotalLoanReceivable_lbl_a3d126" xml:lang="en-US">Total Loan Receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_TotalLoanReceivable" xlink:label="fmbm_TotalLoanReceivable" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_TotalLoanReceivable" xlink:to="fmbm_TotalLoanReceivable_lbl_23" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_TotalLoanReceivable_lbl_23" xml:lang="en-US">[Total Loan Receivable]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_CommercialIndustrialMember" xlink:label="fmbm_CommercialIndustrialMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_CommercialIndustrialMember" xlink:to="fmbm_CommercialIndustrialMember_lbl_bfe355" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_CommercialIndustrialMember_lbl_bfe355" xml:lang="en-US">Commercial &amp; Industrial [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OtherConsumersLoansMember" xlink:to="fmbm_OtherConsumersLoansMember_lbl_702e3c" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_OtherConsumersLoansMember_lbl_702e3c" xml:lang="en-US">Other consumer loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_OtherConsumersLoansMember" xlink:label="fmbm_OtherConsumersLoansMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OtherConsumersLoansMember" xlink:to="fmbm_OtherConsumersLoansMember_lbl_1051" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_OtherConsumersLoansMember_lbl_1051" xml:lang="en-US">[Other consumer loans [Member]]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancingReceivableNonaccrualNoAllowance" xlink:label="us-gaap_FinancingReceivableNonaccrualNoAllowance" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableNonaccrualNoAllowance" xlink:to="us-gaap_FinancingReceivableNonaccrualNoAllowance_lbl_bd75b0" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivableNonaccrualNoAllowance_lbl_bd75b0" xml:lang="en-US">Nonaccrual loans with No Allowance</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_FinancingReceivableNonaccrualWithAllowance" xlink:label="fmbm_FinancingReceivableNonaccrualWithAllowance" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_FinancingReceivableNonaccrualWithAllowance" xlink:to="fmbm_FinancingReceivableNonaccrualWithAllowance_lbl_ecba70" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_FinancingReceivableNonaccrualWithAllowance_lbl_ecba70" xml:lang="en-US">Nonaccrual Loans with an Allowance</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_FinancingReceivableRecordedInvestmentsNonaccrualStatus" xlink:to="fmbm_FinancingReceivableRecordedInvestmentsNonaccrualStatus_lbl_f5c927" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_FinancingReceivableRecordedInvestmentsNonaccrualStatus_lbl_f5c927" xml:lang="en-US">Non-Accrual Loans</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_FinancingReceivableRecordedInvestmentsNonaccrualStatus" xlink:label="fmbm_FinancingReceivableRecordedInvestmentsNonaccrualStatus" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_FinancingReceivableRecordedInvestmentsNonaccrualStatus" xlink:to="fmbm_FinancingReceivableRecordedInvestmentsNonaccrualStatus_lbl_4" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_FinancingReceivableRecordedInvestmentsNonaccrualStatus_lbl_4" xml:lang="en-US">[Non-Accrual Loans]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_OwnerOccupiedCommercialRealEstatePortfolioSegmentMember" xlink:label="fmbm_OwnerOccupiedCommercialRealEstatePortfolioSegmentMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OwnerOccupiedCommercialRealEstatePortfolioSegmentMember" xlink:to="fmbm_OwnerOccupiedCommercialRealEstatePortfolioSegmentMember_lbl_cf4b62" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_OwnerOccupiedCommercialRealEstatePortfolioSegmentMember_lbl_cf4b62" xml:lang="en-US">Owner-occupied commercial real estateCommercial Real Estate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentCollateralAmount" xlink:label="us-gaap_DebtInstrumentCollateralAmount" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentCollateralAmount" xlink:to="us-gaap_DebtInstrumentCollateralAmount_lbl_1e77f0" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentCollateralAmount_lbl_1e77f0" xml:lang="en-US">Investment in collateral-dependent loans</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AmortizationCostOnRestructuringOfDebtNetCurrent" xlink:label="fmbm_AmortizationCostOnRestructuringOfDebtNetCurrent" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AmortizationCostOnRestructuringOfDebtNetCurrent" xlink:to="fmbm_AmortizationCostOnRestructuringOfDebtNetCurrent_lbl_3315ed" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AmortizationCostOnRestructuringOfDebtNetCurrent_lbl_3315ed" xml:lang="en-US">Current Loans</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ThirtyToEightyDaysPastDueOfAmortizationCostOnRestructuringOfDebt" xlink:label="fmbm_ThirtyToEightyDaysPastDueOfAmortizationCostOnRestructuringOfDebt" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ThirtyToEightyDaysPastDueOfAmortizationCostOnRestructuringOfDebt" xlink:to="fmbm_ThirtyToEightyDaysPastDueOfAmortizationCostOnRestructuringOfDebt_lbl_9600de" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ThirtyToEightyDaysPastDueOfAmortizationCostOnRestructuringOfDebt_lbl_9600de" xml:lang="en-US">30-89 Days Past due</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GreaterThanNintyDaysOfAmortizationCostOnRestructuringOfDebt" xlink:to="fmbm_GreaterThanNintyDaysOfAmortizationCostOnRestructuringOfDebt_lbl_824717" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_GreaterThanNintyDaysOfAmortizationCostOnRestructuringOfDebt_lbl_824717" xml:lang="en-US">Greater than 90 Days</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_GreaterThanNintyDaysOfAmortizationCostOnRestructuringOfDebt" xlink:label="fmbm_GreaterThanNintyDaysOfAmortizationCostOnRestructuringOfDebt" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_GreaterThanNintyDaysOfAmortizationCostOnRestructuringOfDebt" xlink:to="fmbm_GreaterThanNintyDaysOfAmortizationCostOnRestructuringOfDebt_lbl_4" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_GreaterThanNintyDaysOfAmortizationCostOnRestructuringOfDebt_lbl_4" xml:lang="en-US">[Greater than 90 Days 1]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AmortizationCostOnRestructuringOfDebtRecordedInvestmentNonaccrualStatus" xlink:to="fmbm_AmortizationCostOnRestructuringOfDebtRecordedInvestmentNonaccrualStatus_lbl_07cf89" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_AmortizationCostOnRestructuringOfDebtRecordedInvestmentNonaccrualStatus_lbl_07cf89" xml:lang="en-US">Non-Accrual Loans</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AmortizationCostOnRestructuringOfDebtRecordedInvestmentNonaccrualStatus" xlink:label="fmbm_AmortizationCostOnRestructuringOfDebtRecordedInvestmentNonaccrualStatus" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AmortizationCostOnRestructuringOfDebtRecordedInvestmentNonaccrualStatus" xlink:to="fmbm_AmortizationCostOnRestructuringOfDebtRecordedInvestmentNonaccrualStatus_lbl_5" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AmortizationCostOnRestructuringOfDebtRecordedInvestmentNonaccrualStatus_lbl_5" xml:lang="en-US">[Non-Accrual Loans 1]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AmortizationCostOnRestructuringOfDebt" xlink:label="fmbm_AmortizationCostOnRestructuringOfDebt" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AmortizationCostOnRestructuringOfDebt" xlink:to="fmbm_AmortizationCostOnRestructuringOfDebt_lbl_b5267d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AmortizationCostOnRestructuringOfDebt_lbl_b5267d" xml:lang="en-US">Total modified loans</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_OccupiedCommercialRealEstatesMember" xlink:label="fmbm_OccupiedCommercialRealEstatesMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OccupiedCommercialRealEstatesMember" xlink:to="fmbm_OccupiedCommercialRealEstatesMember_lbl_1defab" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_OccupiedCommercialRealEstatesMember_lbl_1defab" xml:lang="en-US">Occupied Commercial Real Estate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_TermExtensionAndDeferralMember" xlink:label="fmbm_TermExtensionAndDeferralMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_TermExtensionAndDeferralMember" xlink:to="fmbm_TermExtensionAndDeferralMember_lbl_e8aa43" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_TermExtensionAndDeferralMember_lbl_e8aa43" xml:lang="en-US">Total Term Extension and Deferral [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_TotalOtherThanTemporaryPaymentDelayMember" xlink:label="fmbm_TotalOtherThanTemporaryPaymentDelayMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_TotalOtherThanTemporaryPaymentDelayMember" xlink:to="fmbm_TotalOtherThanTemporaryPaymentDelayMember_lbl_f3ac12" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_TotalOtherThanTemporaryPaymentDelayMember_lbl_f3ac12" xml:lang="en-US">Total Other Than Temporary Payment Delay [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_NumberOfLoans" xlink:label="fmbm_NumberOfLoans" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_NumberOfLoans" xlink:to="fmbm_NumberOfLoans_lbl_98d196" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_NumberOfLoans_lbl_98d196" xml:lang="en-US">Number of Loans</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCosts" xlink:to="us-gaap_AmortizationOfFinancingCosts_lbl_03322b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl_03322b" xml:lang="en-US">Amortized Cost</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:label="us-gaap_AmortizationOfFinancingCosts" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCosts" xlink:to="us-gaap_AmortizationOfFinancingCosts_lbl_3" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl_3" xml:lang="en-US">[Amortization of Debt Issuance Costs]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_PercentageOfAmortizedCostToGrossLoansByCategory" xlink:label="fmbm_PercentageOfAmortizedCostToGrossLoansByCategory" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_PercentageOfAmortizedCostToGrossLoansByCategory" xlink:to="fmbm_PercentageOfAmortizedCostToGrossLoansByCategory_lbl_ef4429" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_PercentageOfAmortizedCostToGrossLoansByCategory_lbl_ef4429" xml:lang="en-US">% of Amortized Cost to Gross Loans by Category</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetInvestmentInLeaseNonaccrual" xlink:label="us-gaap_NetInvestmentInLeaseNonaccrual" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetInvestmentInLeaseNonaccrual" xlink:to="us-gaap_NetInvestmentInLeaseNonaccrual_lbl_b138b4" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetInvestmentInLeaseNonaccrual_lbl_b138b4" xml:lang="en-US">Nonaccrual loans</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl_c8a3c2" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl_c8a3c2" xml:lang="en-US">Finite Lived Intangible Assets By Major Class Axis</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_LongTermLeaseAgreementsMember" xlink:label="fmbm_LongTermLeaseAgreementsMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LongTermLeaseAgreementsMember" xlink:to="fmbm_LongTermLeaseAgreementsMember_lbl_8111fe" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_LongTermLeaseAgreementsMember_lbl_8111fe" xml:lang="en-US">Long-Term Lease Agreements [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseLiability" xlink:label="us-gaap_OperatingLeaseLiability" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiability" xlink:to="us-gaap_OperatingLeaseLiability_lbl_b24a6e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseLiability_lbl_b24a6e" xml:lang="en-US">Lease Liabilities (included in other liabilities)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseRightOfUseAsset" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseRightOfUseAsset" xlink:to="us-gaap_OperatingLeaseRightOfUseAsset_lbl_8c293e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl_8c293e" xml:lang="en-US">Right-of-use assets (included in other assets)</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_WeightedAverageRemainingLeaseTerm" xlink:label="fmbm_WeightedAverageRemainingLeaseTerm" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_WeightedAverageRemainingLeaseTerm" xlink:to="fmbm_WeightedAverageRemainingLeaseTerm_lbl_aab71e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_WeightedAverageRemainingLeaseTerm_lbl_aab71e" xml:lang="en-US">Weighted average remaining lease term</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:to="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl_bb721a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl_bb721a" xml:lang="en-US">Weighted average discount rate</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseCost" xlink:label="us-gaap_OperatingLeaseCost" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseCost" xlink:to="us-gaap_OperatingLeaseCost_lbl_f763cf" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseCost_lbl_f763cf" xml:lang="en-US">Operating lease cost</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LeaseCost" xlink:label="us-gaap_LeaseCost" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseCost" xlink:to="us-gaap_LeaseCost_lbl_78d54d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LeaseCost_lbl_78d54d" xml:lang="en-US">Total lease cost</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_LeaseLiabilityMeasurementRelatedCashPayments" xlink:label="fmbm_LeaseLiabilityMeasurementRelatedCashPayments" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LeaseLiabilityMeasurementRelatedCashPayments" xlink:to="fmbm_LeaseLiabilityMeasurementRelatedCashPayments_lbl_afe06d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_LeaseLiabilityMeasurementRelatedCashPayments_lbl_afe06d" xml:lang="en-US">Cash paid for amounts included in the measurement of lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl_7d1abc" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl_7d1abc" xml:lang="en-US">Six months ending December 31, 2026</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl_fc8a3d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl_fc8a3d" xml:lang="en-US">Twelve months ending December 31, 2027</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl_3d9e80" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl_3d9e80" xml:lang="en-US">Twelve months ending December 31, 2028</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_lbl_9e10bd" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_lbl_9e10bd" xml:lang="en-US">Twelve months ending December 31, 2029</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_lbl_b1e73f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_lbl_b1e73f" xml:lang="en-US">Twelve months ending December 31, 2030</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_lbl_741696" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_lbl_741696" xml:lang="en-US">Thereafter</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl_a4bda1" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl_a4bda1" xml:lang="en-US">Total undiscounted cash flows</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl_8111e4" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl_8111e4" xml:lang="en-US">Discount</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl_9" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl_9" xml:lang="en-US">[Lessee, Operating Lease, Liability, Undiscounted Excess Amount]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiability" xlink:to="us-gaap_OperatingLeaseLiability_lbl_5a7bff" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeaseLiability_lbl_5a7bff" xml:lang="en-US">Lease liabilites</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RiskWeightedAssetsCalculationMethodologyAxis" xlink:label="us-gaap_RiskWeightedAssetsCalculationMethodologyAxis" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RiskWeightedAssetsCalculationMethodologyAxis" xlink:to="us-gaap_RiskWeightedAssetsCalculationMethodologyAxis_lbl_49c122" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RiskWeightedAssetsCalculationMethodologyAxis_lbl_49c122" xml:lang="en-US">Risk Weighted Assets Calculation Methodology Axis</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_TotalriskbasedratioMember" xlink:label="fmbm_TotalriskbasedratioMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_TotalriskbasedratioMember" xlink:to="fmbm_TotalriskbasedratioMember_lbl_d49b02" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_TotalriskbasedratioMember_lbl_d49b02" xml:lang="en-US">Total risk-based ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_TierOneRiskBasedRatioMember" xlink:label="fmbm_TierOneRiskBasedRatioMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_TierOneRiskBasedRatioMember" xlink:to="fmbm_TierOneRiskBasedRatioMember_lbl_a83f0c" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_TierOneRiskBasedRatioMember_lbl_a83f0c" xml:lang="en-US">Tier 1 risk-based ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_CommonEquityTierOneMember" xlink:label="fmbm_CommonEquityTierOneMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_CommonEquityTierOneMember" xlink:to="fmbm_CommonEquityTierOneMember_lbl_5dd14b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_CommonEquityTierOneMember_lbl_5dd14b" xml:lang="en-US">Common equity tier 1</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_TotalAssetsLeverageRatioMember" xlink:label="fmbm_TotalAssetsLeverageRatioMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_TotalAssetsLeverageRatioMember" xlink:to="fmbm_TotalAssetsLeverageRatioMember_lbl_b44394" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_TotalAssetsLeverageRatioMember_lbl_b44394" xml:lang="en-US">Tier 1 leverage ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_BankActualCapitalAmount" xlink:label="fmbm_BankActualCapitalAmount" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_BankActualCapitalAmount" xlink:to="fmbm_BankActualCapitalAmount_lbl_2b47bb" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_BankActualCapitalAmount_lbl_2b47bb" xml:lang="en-US">Bank actual capital amount</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_BankActualCapitalRatio" xlink:label="fmbm_BankActualCapitalRatio" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_BankActualCapitalRatio" xlink:to="fmbm_BankActualCapitalRatio_lbl_aa946b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_BankActualCapitalRatio_lbl_aa946b" xml:lang="en-US">Bank actual capital ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_MinimumCapitalRequirementAmount" xlink:label="fmbm_MinimumCapitalRequirementAmount" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_MinimumCapitalRequirementAmount" xlink:to="fmbm_MinimumCapitalRequirementAmount_lbl_1d0607" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_MinimumCapitalRequirementAmount_lbl_1d0607" xml:lang="en-US">Minimum capital requirement amount</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_MinimumCapitalRequirementRatio" xlink:label="fmbm_MinimumCapitalRequirementRatio" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_MinimumCapitalRequirementRatio" xlink:to="fmbm_MinimumCapitalRequirementRatio_lbl_6e8694" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_MinimumCapitalRequirementRatio_lbl_6e8694" xml:lang="en-US">Minimum capital requirement ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_MinimumToBeWellCapitalizedUnderPromptCorrectiveActionProvisionsAmount" xlink:label="fmbm_MinimumToBeWellCapitalizedUnderPromptCorrectiveActionProvisionsAmount" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_MinimumToBeWellCapitalizedUnderPromptCorrectiveActionProvisionsAmount" xlink:to="fmbm_MinimumToBeWellCapitalizedUnderPromptCorrectiveActionProvisionsAmount_lbl_c6eff6" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_MinimumToBeWellCapitalizedUnderPromptCorrectiveActionProvisionsAmount_lbl_c6eff6" xml:lang="en-US">Minimum to be well capitalized under prompt corrective action provisions amount</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_MinimumToBeWellCapitalizedUnderPromptCorrectiveActionProvisionsRatio" xlink:label="fmbm_MinimumToBeWellCapitalizedUnderPromptCorrectiveActionProvisionsRatio" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_MinimumToBeWellCapitalizedUnderPromptCorrectiveActionProvisionsRatio" xlink:to="fmbm_MinimumToBeWellCapitalizedUnderPromptCorrectiveActionProvisionsRatio_lbl_36e6ac" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_MinimumToBeWellCapitalizedUnderPromptCorrectiveActionProvisionsRatio_lbl_36e6ac" xml:lang="en-US">Minimum to be well capitalized under prompt corrective action provisions ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl_1eee42" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl_1eee42" xml:lang="en-US">Fair Value By Fair Value Hierarchy Level Axis</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="us-gaap_FairValueInputsLevel1Member" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel1Member" xlink:to="us-gaap_FairValueInputsLevel1Member_lbl_75563a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl_75563a" xml:lang="en-US">Fair Value Inputs Level 1 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="us-gaap_FairValueInputsLevel2Member" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel2Member" xlink:to="us-gaap_FairValueInputsLevel2Member_lbl_6f6e20" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl_6f6e20" xml:lang="en-US">Fair Value Inputs Level 2 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="us-gaap_FairValueInputsLevel3Member" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel3Member" xlink:to="us-gaap_FairValueInputsLevel3Member_lbl_dc70cf" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl_dc70cf" xml:lang="en-US">Fair Value Inputs Level 3 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_FinancialInstrumentsOwnedUSGovernmentAndTreasuryObligationsAtFairValue" xlink:label="fmbm_FinancialInstrumentsOwnedUSGovernmentAndTreasuryObligationsAtFairValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_FinancialInstrumentsOwnedUSGovernmentAndTreasuryObligationsAtFairValue" xlink:to="fmbm_FinancialInstrumentsOwnedUSGovernmentAndTreasuryObligationsAtFairValue_lbl_c48017" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_FinancialInstrumentsOwnedUSGovernmentAndTreasuryObligationsAtFairValue_lbl_c48017" xml:lang="en-US">U.S Treasury securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue" xlink:label="us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue" xlink:to="us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_lbl_b75352" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_lbl_b75352" xml:lang="en-US">U.S. Government agencies</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancialInstrumentsOwnedStateAndMunicipalGovernmentObligationsAtFairValue" xlink:label="us-gaap_FinancialInstrumentsOwnedStateAndMunicipalGovernmentObligationsAtFairValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentsOwnedStateAndMunicipalGovernmentObligationsAtFairValue" xlink:to="us-gaap_FinancialInstrumentsOwnedStateAndMunicipalGovernmentObligationsAtFairValue_lbl_a796ad" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentsOwnedStateAndMunicipalGovernmentObligationsAtFairValue_lbl_a796ad" xml:lang="en-US">Municipal securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue" xlink:label="us-gaap_FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue" xlink:to="us-gaap_FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue_lbl_3b0431" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue_lbl_3b0431" xml:lang="en-US">Mortgage-backed securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancialInstrumentsOwnedCorporateDebtAtFairValue" xlink:label="us-gaap_FinancialInstrumentsOwnedCorporateDebtAtFairValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentsOwnedCorporateDebtAtFairValue" xlink:to="us-gaap_FinancialInstrumentsOwnedCorporateDebtAtFairValue_lbl_46ed7a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentsOwnedCorporateDebtAtFairValue_lbl_46ed7a" xml:lang="en-US">Corporate debt securities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:to="us-gaap_AvailableForSaleSecuritiesDebtSecurities_lbl_47c66c" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtSecurities_lbl_47c66c" xml:lang="en-US">Total securities available for sale</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LoansHeldForSaleCurrent" xlink:to="fmbm_LoansHeldForSaleCurrent_lbl_ee8369" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_LoansHeldForSaleCurrent_lbl_ee8369" xml:lang="en-US">Loans held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_LoansHeldForSaleCurrent" xlink:label="fmbm_LoansHeldForSaleCurrent" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LoansHeldForSaleCurrent" xlink:to="fmbm_LoansHeldForSaleCurrent_lbl_8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_LoansHeldForSaleCurrent_lbl_8" xml:lang="en-US">[Loans held for sale]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_IRLCCurrentValue" xlink:label="fmbm_IRLCCurrentValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_IRLCCurrentValue" xlink:to="fmbm_IRLCCurrentValue_lbl_151f6e" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_IRLCCurrentValue_lbl_151f6e" xml:lang="en-US">Interest rate lock commitments</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ForwardSalesCommitments" xlink:label="fmbm_ForwardSalesCommitments" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ForwardSalesCommitments" xlink:to="fmbm_ForwardSalesCommitments_lbl_a3c5c0" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ForwardSalesCommitments_lbl_a3c5c0" xml:lang="en-US">Forward sales commitments</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_OtherAssetsFairValue" xlink:label="fmbm_OtherAssetsFairValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_OtherAssetsFairValue" xlink:to="fmbm_OtherAssetsFairValue_lbl_a16071" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_OtherAssetsFairValue_lbl_a16071" xml:lang="en-US">Total other assets</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_AssetsAtFairValue" xlink:label="fmbm_AssetsAtFairValue" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_AssetsAtFairValue" xlink:to="fmbm_AssetsAtFairValue_lbl_b62c9d" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_AssetsAtFairValue_lbl_b62c9d" xml:lang="en-US">Assets at Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DepositLiabilitiesCollateralIssuedFinancialInstruments" xlink:label="us-gaap_DepositLiabilitiesCollateralIssuedFinancialInstruments" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepositLiabilitiesCollateralIssuedFinancialInstruments" xlink:to="us-gaap_DepositLiabilitiesCollateralIssuedFinancialInstruments_lbl_a3a139" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepositLiabilitiesCollateralIssuedFinancialInstruments_lbl_a3a139" xml:lang="en-US">Collateral-dependent loans</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_BottomMember" xlink:label="fmbm_BottomMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_BottomMember" xlink:to="fmbm_BottomMember_lbl_39ad6f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_BottomMember_lbl_39ad6f" xml:lang="en-US">Bottom [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_TopMember" xlink:label="fmbm_TopMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_TopMember" xlink:to="fmbm_TopMember_lbl_37d0ce" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_TopMember_lbl_37d0ce" xml:lang="en-US">Top [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CollateralizedAgreements" xlink:label="us-gaap_CollateralizedAgreements" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CollateralizedAgreements" xlink:to="us-gaap_CollateralizedAgreements_lbl_d15eb8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CollateralizedAgreements_lbl_d15eb8" xml:lang="en-US">Collateral Dependent Loans</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_CollateralDependentLoansSellingCosts" xlink:label="fmbm_CollateralDependentLoansSellingCosts" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_CollateralDependentLoansSellingCosts" xlink:to="fmbm_CollateralDependentLoansSellingCosts_lbl_78cd13" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_CollateralDependentLoansSellingCosts_lbl_78cd13" xml:lang="en-US">Collateral dependent loans Selling costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel3Member" xlink:to="us-gaap_FairValueInputsLevel3Member_lbl_f330b8" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl_f330b8" xml:lang="en-US">Fair Value Inputs Level 3 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_CarryingAmountMember" xlink:label="fmbm_CarryingAmountMember" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_CarryingAmountMember" xlink:to="fmbm_CarryingAmountMember_lbl_cd4f8f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_CarryingAmountMember_lbl_cd4f8f" xml:lang="en-US">Carrying Amount [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Cash" xlink:to="us-gaap_Cash_lbl_eaadd4" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_Cash_lbl_eaadd4" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Cash" xlink:label="us-gaap_Cash" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Cash" xlink:to="us-gaap_Cash_lbl_2" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Cash_lbl_2" xml:lang="en-US">[Cash]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_MarketableSecurities" xlink:label="us-gaap_MarketableSecurities" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecurities" xlink:to="us-gaap_MarketableSecurities_lbl_6c527b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketableSecurities_lbl_6c527b" xml:lang="en-US">Securities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherInvestments" xlink:to="us-gaap_OtherInvestments_lbl_4d941f" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherInvestments_lbl_4d941f" xml:lang="en-US">Other investments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LoansHeldrSale" xlink:to="fmbm_LoansHeldrSale_lbl_3bd222" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_LoansHeldrSale_lbl_3bd222" xml:lang="en-US">Loans held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_LoansHeldrSale" xlink:label="fmbm_LoansHeldrSale" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_LoansHeldrSale" xlink:to="fmbm_LoansHeldrSale_lbl_5" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_LoansHeldrSale_lbl_5" xml:lang="en-US">[Loans held for sale 1]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermInvestments" xlink:label="us-gaap_LongTermInvestments" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermInvestments" xlink:to="us-gaap_LongTermInvestments_lbl_72ad9b" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermInvestments_lbl_72ad9b" xml:lang="en-US">Loans held for investment, net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableNetCurrent" xlink:to="us-gaap_AccountsReceivableNetCurrent_lbl_877355" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl_877355" xml:lang="en-US">Interest receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="us-gaap_AccountsReceivableNetCurrent" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableNetCurrent" xlink:to="us-gaap_AccountsReceivableNetCurrent_lbl_7" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl_7" xml:lang="en-US">[Accounts Receivable, after Allowance for Credit Loss, Current]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BankOwnedLifeInsurance" xlink:to="us-gaap_BankOwnedLifeInsurance_lbl_d2ef77" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_BankOwnedLifeInsurance_lbl_d2ef77" xml:lang="en-US">Bank owned life insurance</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_IRLCAmount" xlink:label="fmbm_IRLCAmount" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_IRLCAmount" xlink:to="fmbm_IRLCAmount_lbl_70ffce" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_IRLCAmount_lbl_70ffce" xml:lang="en-US">IRLC</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ForwardsSalesCommitments" xlink:to="fmbm_ForwardsSalesCommitments_lbl_76e061" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_ForwardsSalesCommitments_lbl_76e061" xml:lang="en-US">Forward sales commitments</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ForwardsSalesCommitments" xlink:label="fmbm_ForwardsSalesCommitments" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ForwardsSalesCommitments" xlink:to="fmbm_ForwardsSalesCommitments_lbl_10" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ForwardsSalesCommitments_lbl_10" xml:lang="en-US">[Forward sales commitments]</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_NoninterestDemandDeposits" xlink:label="fmbm_NoninterestDemandDeposits" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_NoninterestDemandDeposits" xlink:to="fmbm_NoninterestDemandDeposits_lbl_3c6a55" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_NoninterestDemandDeposits_lbl_3c6a55" xml:lang="en-US">Noninterest-bearing demand deposits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_InterestCheckingDeposits" xlink:to="fmbm_InterestCheckingDeposits_lbl_dadb69" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_InterestCheckingDeposits_lbl_dadb69" xml:lang="en-US">Interest checking deposits</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_InterestCheckingDeposits" xlink:label="fmbm_InterestCheckingDeposits" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_InterestCheckingDeposits" xlink:to="fmbm_InterestCheckingDeposits_lbl_12" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_InterestCheckingDeposits_lbl_12" xml:lang="en-US">[Interest checking deposits]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DepositAssets" xlink:label="us-gaap_DepositAssets" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepositAssets" xlink:to="us-gaap_DepositAssets_lbl_498c32" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepositAssets_lbl_498c32" xml:lang="en-US">Savings deposits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_TimeDepositsTotalFairValueBalance" xlink:to="fmbm_TimeDepositsTotalFairValueBalance_lbl_b187a3" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="fmbm_TimeDepositsTotalFairValueBalance_lbl_b187a3" xml:lang="en-US">Time deposits</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_TimeDepositsTotalFairValueBalance" xlink:label="fmbm_TimeDepositsTotalFairValueBalance" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_TimeDepositsTotalFairValueBalance" xlink:to="fmbm_TimeDepositsTotalFairValueBalance_lbl_14" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_TimeDepositsTotalFairValueBalance_lbl_14" xml:lang="en-US">[Time deposits]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermNotesAndLoans" xlink:to="us-gaap_LongTermNotesAndLoans_lbl_26f3a1" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LongTermNotesAndLoans_lbl_26f3a1" xml:lang="en-US">Long-term debt</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermNotesAndLoans" xlink:label="us-gaap_LongTermNotesAndLoans" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermNotesAndLoans" xlink:to="us-gaap_LongTermNotesAndLoans_lbl_15" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermNotesAndLoans_lbl_15" xml:lang="en-US">[Notes and Loans, Noncurrent]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestPayableCurrent" xlink:label="us-gaap_InterestPayableCurrent" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPayableCurrent" xlink:to="us-gaap_InterestPayableCurrent_lbl_609fb0" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestPayableCurrent_lbl_609fb0" xml:lang="en-US">Interest payable</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_TimeDeposits" xlink:label="us-gaap_TimeDeposits" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDeposits" xlink:to="us-gaap_TimeDeposits_lbl_376ead" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TimeDeposits_lbl_376ead" xml:lang="en-US">Time deposits</link:label>
    <link:loc xlink:type="locator" xlink:href="fmbm-20260630.xsd#fmbm_ForwardSalesCommitments89" xlink:label="fmbm_ForwardSalesCommitments89" />
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="fmbm_ForwardSalesCommitments89" xlink:to="fmbm_ForwardSalesCommitments89_lbl_70795a" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="fmbm_ForwardSalesCommitments89_lbl_70795a" xml:lang="en-US">Interest checking deposits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:type="arc" xlink:from="fmbm_ProceedsFromIncomeFromLifeInsuranceInvestment" xlink:to="fmbm_ProceedsFromIncomeFromLifeInsuranceInvestment_d" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" xlink:label="fmbm_ProceedsFromIncomeFromLifeInsuranceInvestment_d">Amount of cash inflow for proceeds from settlement of corporate-owned life insurance policy, classified as investing activities. Includes, but is not limited to, bank-owned life insurance policy.</link:label>
  </link:labelLink>
</link:linkbase>
