FARGO, N.D. -- Community First Bankshares, a $1.4 billion-asset multibank holding company, reported second-quarter net income of $3.2 million, up 15% from $2.8 million in the second quarter of 1993,

After payment of diVidends on the company's new issue of preferred stock, which was sold in a May 1994 public offering, net income applicable to common equity was $2.9 million, or 37 cents per share, compared with last year's $2.7 million, or 35 cents per share.

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