Exhibit 23

                          INDEPENDENT AUDITORS' CONSENT

We consent to the  incorporation  by reference  in  Registration  Statement  No.
333-4002 of Klamath First Bancorp, Inc. on Form S-8 of our report dated December
26, 2003,  appearing in the Annual Report on Form 10-K of Klamath First Bancorp,
Inc. and subsidiaries for the year ended September 30, 2003.


Deloitte & Touche LLP

Portland, Oregon
December 26, 2003