Time Machine very slow encrypting after backup
I'm using Time Machine with an external USB 3 HD. I'm doing an incremental backup right now with very small changes since the last backup. I'm new to using Time Machine, but pretty sure that the encryption process is taking WAY too long. I've been eyeballing it and just to go from Encrypting Backup Disk ... 8% complete to 10% complete has taken more than 5 minutes. Perhaps even 10.
Is the encryption process supposed to be a very slow process with Time Machine? The backup is only around 48GB.
MacBook Pro (Retina, 13-inch,Early 2015), macOS Sierra (10.12.2)